Paul L. Caron
Dean


Friday, June 13, 2008

Is Myanmar Taxing Cyclone Aid?

The Associated Press reports that Myanmar denies allegations that it is imposing a 10% tax on all donations to aid the victims of last week's horrific cyclone.

Myanmar's ruling military junta denied reports Wednesday that it was deducting a 10% tax from foreign donations to cyclone victims, saying all incoming money is being spent on relief efforts.

The state-owned New Light of Myanmar newspaper said foreign radio broadcasts had wrongly accused the government of deducting the tax from donations deposited in the Myanmar Foreign Trade Bank. The state bank, which usually deducts 10% from all foreign currency deposits, has opened special accounts to accept U.S. dollars, euros and Singapore dollars from which all donations would be fully channeled to cyclone survivors, the newspaper said.

https://taxprof.typepad.com/taxprof_blog/2008/06/is-myanmar-taxi.html

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