Quote:
Originally Posted by murg
Harry, you aren't creating international structures of companies to move the money around. Nor are you loaning money to yourself is multiple jurisdictions.
While the tricks being used are legal, in Australia we have an overriding tax law that says that any tax avoidance scheme that has as it's purpose the avoidance of tax is illegal.
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When the law says that that is legal, I fail to see what the problem is.
And Australia has a number of peculiar habits -- peculiar to the inhabitants of other countries, at least.
I personally think it is a bit much to have a law that says the government can nail you for arbitrary reasons, simply because they *feel* you are trying to get out of paying your fair share of taxes.
Laws exist for a reason -- so people know what can and cannot be done. To institute laws that depend on arbitrary definitions of moral (to be determined after the fact) is simply bent.