Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Wednesday, 14 November 2012

Curse you immoral Eggnog latte!

I'm no fan of Starbucks. I find their coffee weak, overly milky and poor value. Indeed it is the coffee that coffee lovers don't generally drink. The recent tax controversy brackets them along with Amazon, Google, Facebook and others as massive companies who, though doing nothing illegal tax-wise are exploiting tax loopholes that are at best immoral and massively out of step with public opinion. People here have overwhelmingly voiced their anger and distaste with this especially in these austere times. But of course nobody is surprised that they are all doing this. So, in general it is the last place I'd go for a coffee. Unless it's an Eggnog Latte.


Eggnog isn't really commonplace here in the UK and I'd associate it with North America. I think the first time I'd heard of it was in an Hollywood film. Many of my former Canadian colleagues said they missed it at Christmas time so one year in Korea I tried to make it. I can honestly say I'd never drank scrambled eggs until then and so bad was the drink/meal I'd concocted that I won't be repeating my mistake again. Despite this I find myself drawn to the Starbucks Eggnog Latte and liking it. With mixed emotions I will probably buy this every now and then until the festive period is over before going back to avoiding Starbucks once more just as Starbucks enthusiastically avoids paying moral levels of corporation tax.

Monday, 31 January 2011

Tax breakthrough

Today was the deadline for the tax payment I have somehow incurred and I missed it due to a small communication problem with work. However, there has been a breakthrough on this as instead of paying it all in one go it will be broken down into two instalments which means I will not be left short of money for February. There will be no problem with missing the due date.

I'm very pleased with this and once more the company I work for has helped me out when I have needed it. I think I've been lucky with who I've worked for in Korea as I've heard many horror stories from teachers who haven't been so lucky. I will turn up at work tomorrow with a big envelope full of money and will repeat this in one months time. It's given me some breathing space and my mood has lifted.

Today was also the first day since my wife left her job. She met her old boss for lunch after he told her he had something to talk about. She will now work for her old company again, part-time, for a month starting next week. Her hours are good and she won't be teaching so the job is fairly easy for her. I'm surprised at this but pleased that she will be earning a bit of money whilst still having a lot of free time.

A few minutes ago we finalised out plans for Lunar New Year and booked a hotel for Busan where we will spend two days visiting family and relaxing. We are lucky to get a cheap hotel at such late notice. I can't wait for this break.

Thursday, 27 January 2011

Taxman blues

Hitting the bottle and enjoying some Jack Daniels and coke. And with good cause. I have found that when I ask my students the question "Is a surprise a good thing or a bad thing?" they always say, "It's a bad thing." Yesterday they were right.

I received an email from work basically telling me that there is a shortfall in the amount of tax I've paid over the past twelve months - a period in which my wage has not increased at all. Fair enough, we all have to pay tax and I have no objection to this because Korean taxes have been very low during my time here compared to taxes back in Britain.

And then I read how much I have to pay. I won't post the exact amount but it's considerably higher than I would have imagined. My taekwondo partner Diana received a similar email but with a much lower amount to pay back - you double hers and then put a zero on it and you have mine. I was shocked and still am but, of course I have to pay this. And again, if that's what I have to do then I will but in the email I got from my employers it stated, "You must give the (figure I owe) to your branch manager before next monday (January 31th). If you don't mind, please give this ASAP"

The issue is not that I have to pay this but why has the amount not already been taken out of my salary in 2010? I am not an accountant. This is not my field of expertise. It is complicated even though it has been explained to me. But, why have I been given only five days to pay this? Why do I have to pay this in cash? Part of me wants to roll up to my branch with a wheelbarrow full of coins and say "There you go." But I won't. Right now I have very little in the bank due to sending money home recently. Luckily pay day is tomorrow. I have enough to cover this but I will be left short in February.

Since yesterdays email I have been in contact with one of my managers. She replied to my concerns and although she stressed I have to pay this, she is trying to get it either delayed or at least broken down into instalments. If this can happen I will be a much happier teacher than I am right now.

I am trying not to be in a bad mood at home and at work. It's not going to break me but the timing is appalling. Today I was not as I should be in the classroom. I was a little irritable and showed signs of it getting to me. This is unfair on the students. Hopefully I will feel better tomorrow. It's not the worst news I've ever had so I am very philosophical. It is only money. These things are sent to try us. Back to my whiskey and coke.

Friday, 26 February 2010

Taxing times

Yesterday right at the end one of my classes and faced with another lesson that I'd taught, three or four times before I almost fell asleep. Usually that nearly happens only when the class is very small. Doing the same thing again and again is taking a bit of a toll on me. It's probably time to go but it's not as easy as that.

Whilst in Tokyo I had such a good time that I was even considering extending my contract by six months. Now my vision is clear and that is almost certainly not going to happen. I have to come home some time. I'm set to leave in October or December depending on whether or not they let me stay a little longer and if I need the money. That's some seven and a half months to go. Hopefully today will be better than yesterday.

On a side note, yesterday I got a tax refund of around £100 (I've had to pay extra in the past so this is extra satisfying). It has come at a great time for me considering today I had to pay my huge gas bill and my monthly rent. In fact most of the Western teachers got a similar refund. In general taxes are much lower here in Korea than in the UK, one of the advantages of working here and it means you can save more easily. I think I'll buy myself something this weekend to cheer myself up, alas it won't be a plane ticket.
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