Cambodia Daily slapped with multimillion dollar tax bill

Marmite · Post by **Marmite** » Mon Aug 07, 2017 1:37 pm

The authorities are continuing to wage war on the Daily, with reports that they have slapped a more than $6m back tax bill against the newspaper.

I presume this relates to employee salary taxes because they have never made a profit. If they haven't been paying employee income tax that would be very slapdash.

http://m.phnompenhpost.com/national/cam ... e-tax-bill

the chicken · Post by **the chicken** » Mon Aug 07, 2017 1:44 pm

The Daily should hit back about the government unwillingness to repay its owed power bill to a power company over the tune of $2 million for quite some time.

Spigzy · Post by **Spigzy** » Mon Aug 07, 2017 1:44 pm

Thankfully every other company & NGO pay their taxes!

Post by **Alexandra** » Mon Aug 07, 2017 1:52 pm

The government is right on this. The Daily does not have a license to publish a daily newspaper. They have a license for publishing weekly newsletters as an NGO. They knew very well that this was on the horizon.

It's because of their charity status that they get to print half the paper with stories from international outlets they have nothing to do with writing.

Looks like this is the end for the Copy Paste Daily. Good night, Bernie.

Bless

Lucky Lucan · Post by **Lucky Lucan** » Mon Aug 07, 2017 2:45 pm

I hope it buries the fuckers, they are biased as hell.

LexusSchmexus · Post by **LexusSchmexus** » Mon Aug 07, 2017 2:52 pm

Yeah I wouldn't mind them being gone because we all know they've been riding on that "non-profit" bullshit for ages and have such a loaded agenda. However, it would still be a blow to English language newspapers (if you can call them that).

Post by **Felgerkarb** » Mon Aug 07, 2017 4:01 pm

6 million seems a bit high.

Post by **Alexandra** » Mon Aug 07, 2017 4:12 pm

Felgerkarb wrote:6 million seems a bit high.

Half of it is interest.

From 2007 to last year, the Daily owes $2.4 million in unpaid taxes, almost $1 million in “additional tax,” and another $3 million in interest, the letter says.

https://www.cambodiadaily.com/news/gove ... ly-133287/

Bless

Playboy · Post by **Playboy** » Mon Aug 07, 2017 4:22 pm

Wow, that is some Jew Level interest there !

Sent from my SM-G928C using Tapatalk

Joon · Post by **Joon** » Mon Aug 07, 2017 4:30 pm

Alexandra wrote:
Felgerkarb wrote:6 million seems a bit high.
Half of it is interest.

From 2007 to last year, the Daily owes $2.4 million in unpaid taxes, almost $1 million in “additional tax,” and another $3 million in interest, the letter says.
https://www.cambodiadaily.com/news/gove ... ly-133287/

Bless

Actually, this is not payroll tax owed by the Daily but salary taxes owed by the employees. NGOs don't pay "corporate income tax" but they do have to organize the payment of their employees' salary tax. The salary tax is cut directly from the employee's salary and to facilitate payment, it's the NGO employer that transfers the payment to the Tax department.
Other taxes that NGOs may have to pay/include in their tax payments are VAT for goods or services if their suppliers are not VAT-registered, as well as 15% withholding tax on non-tax-registered independent professional services (like consultants).

Miguelito · Post by **Miguelito** » Mon Aug 07, 2017 5:01 pm

Playboy wrote:Wow, that is some Jew Level interest there !

Sent from my SM-G928C using Tapatalk

It's actually not though... compound interest is just a bitch.

Post by **Alexandra** » Mon Aug 07, 2017 5:05 pm

Miguelito wrote:just a bitch.

Don't get me started about those damn taxes!

Bless

Playboy · Post by **Playboy** » Mon Aug 07, 2017 5:11 pm

Alexandra wrote:
Miguelito wrote:just a bitch.
Don't get me started about those damn taxes!

Bless

Careful, refusing to pay taxes is how we ended up with Americans !!?!

Sent from my SM-G928C using Tapatalk

violet · Post by **violet** » Mon Aug 07, 2017 5:28 pm

Alexandra wrote:The government is right on this. The Daily does not have a license to publish a daily newspaper. They have a license for publishing weekly newsletters as an NGO. They knew very well that this was on the horizon.

It's because of their charity status that they get to print half the paper with stories from international outlets they have nothing to do with writing.

Looks like this is the end for the Copy Paste Daily. Good night, Bernie.

Bless

Wow. Had no idea