Quote:
Originally Posted by Lynx-lynx
Harry our Gov't considers multi national tax avoidance to be a serious issue for Australia and to that end the Senate has instituted an inquiry. The Aus Gov't does not see the matter of tax avoidance as the mere minimisation of taxation dues, nor a matter that ordinary everyday accountants would be capable of dreaming up and successfully establishing and managing.
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You agree, though, that there is a difference between tax
evasion (a crime) and tax
avoidance (employing legal methods to reduce your tax bill)? I honestly don't see how the Australian government can take any action against companies who are not breaking the law.
The government may not like the fact that multinationals have extremely clever accountants who are employed to devise these methods of minimising tax, but unless the law is changed to make it illegal, there's probably not a lot they can do about it, is there?