VATupdate

VATupdate Newsletter Week 26 2022

How fast are you going? Most people would say: what do you mean, it depends what I’m doing, and where I’m going. Sure, if your driving a Formula 1 racing car you go faster than if you’re riding your bike. But as Einstein said: it’s all relative!

Want to know how gooses brake? They simply go UPSIDE DOWN.

As schoolchildren, we learn that the earth is moving about our sun in a very nearly circular orbit. It covers this route at a speed of nearly 30 kilometres per second, or 67,000 miles per hour. In addition, our solar system–Earth and all–whirls around the centre of our galaxy at some 220 kilometres per second, or 490,000 miles per hour.

And that’s nothing compare to the speed of thinking. We think all day, from the moment we get out of bed and make breakfast, during the day, when we make decisions and find solutions on VAT issues, when we meet with friends or family, to ensure that you give everyone attention, etc. And the more difficult the problem or discussion, the more your brain is being ‘used-up’: you get tired.

By the way, be careful who you’re telling that. You may know the joke about the woman who visits her husband in prison.

Before leaving, she tells a correction officer: “You shouldn’t make my husband work like that. He’s exhausted!”. Whereupon the officer laughs, saying: “Are you kidding? He just eats and sleeps and stays in his own cell!”. And the woman says: “Not true! He just told me he’s been digging a tunnel for months!”

Like the goose, we sometimes need to slow down a bit. You can do that by relaxing after work, doing sports or watching tv, or take a vacation. With the summer coming up, we expect that many of you will take a break.

We won’t, as we will be making VATupdate for you as usual. Every day the latest news on VAT and other indirect taxes from around the world.

If you have any comments, questions, or ideas that you want to share with us, please send us an email at [email protected] or leave a comment under the posts of this newsletter on LinkedIn.


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