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Tax Schemes: 'Unscrupulous' promoters stand warned

Published on 01 Mar 04 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Overseas experience in the US, Canada and New Zealand suggests that the introduction of a tax scheme promoter penalty regime should provide additional protection to potential investors in these schemes. We await with much interest to determine whether the Government has a wider agenda.

Author profiles:

David ANDERSON
David is a Senior Associate at Corrs Chambers Westgarth Lawyers. David has over eight years' experience servicing the taxation advisory needs of major multinational clients, including specific services in relation to major infrastructure, property development, financing and construction projects.
Current at October 2005
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Jock McCormack CTA
Jock McCormack, DLA Piper, is a leading Sydney-based international taxation lawyer with specific expertise in income tax and more than 30 years experience managing complex tax matters. Jock's major areas of expertise include debt and equity structuring, acquisitions/mergers/divestments, international tax including transfer pricing, capital gains tax and major projects taxation issues. Jock also advises various major corporations on ATO tax audits, tax strategy reviews, litigation and related issues including managing, negotiating and settling challenging and contentious tax issues and reviews. Current at 24 November 2014 Click here to expand/collapse more articles by Jock MCCORMACK.
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