When material objects are given as gifts, in many cultures they are traditionally packaged in some manner. For example, in Western culture, gifts are often wrapped in wrapping paper and accompanied by a gift note which may note the occasion, the giftee's name, and the giver's name. In Chinese culture, red wrapping connotes luck.
In the United States and some other countries, certain types of gifts above a certain monetary amount are subject to taxation. See gift tax for more information.
