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In a publication entitled "Is your investment risky?", the ATO reiterates its warning that if you try to reduce your tax by doing something that makes poor business sense, and the only benefit is going to be a reduced tax liability, the ATO may regard you as being engaged in aggressive tax planning and disallow your deductions under the arrangement. This publication provides a link to the ATO's taxpayer alerts highlighting early warning of tax planning issues identified by the ATO. For a copy of this publication go here

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