Quote:
Originally Posted by HarryT
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?
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The ATO considers tax avoidance schemes to be tax evasion as per the Article I linked in the previous post:
https://www.ato.gov.au/General/Tax-p...dance-schemes/
And the G20 also considered cross border tax evasion to be a major concern.