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Who are the Tax Dodgers?
Topic Started: 7 Jul 2017, 08:12 PM (991 Views)
Rufus
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Who are the Tax Dodgers?
July 6, 2017
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If you read the newspapers it is those evil multinationals. But a recent speech by the Commissioner might dispel that myth. Have a look at these quotes:

The first cab off the rank will be the large market corporate tax gap which we will release formally next month. In the lead up to that formal release, today I will share with you the gap we have estimated, based on 2014–15 data.

It is approximately $2.5 billion; equivalent to about 6% of the collections for that market, and similar to the gap estimated for large corporates in the UK.

This $2.5 billion gap is way below the numbers that have been thrown around by various commentators – some wildly claiming it to be up to $50 billion.

The best ever estimate of the tax being avoided by those dodgy multinational we have ev er had, before we introduced the most onerous anti-avoidance rules in the world to apply only to them (the MAAL and the Diverted Profits Tax), is $2.5 billion a year. Given the recent changes to our tax laws this amount will be less today than in was in the 2014/15 year.

Sounds bad… But what about those poor hard done by workers…

Our early work and preliminary findings on the gaps for small business and individuals are telling us that there are likely to be bigger gaps in each of those markets than in the large market.

The industry that best comply with the tax system are those large dodgy multinationals! Its the small businesses and individuals who are much much worse.

In 2014–15, more than $22 billion was claimed for work-related expenses. While each of the individual amounts over-claimed is relatively small, the sum and overall revenue impact for the population involved could be significant – in the vicinity of, or even higher than the large market tax gap of $2.5 billion – and that’s just for this category of deductions, work-related expenses.

But would those pure individuals claim deductions they are not entitled too???

In 2014–15, around 6.3 million people made claims against clothing expenses totalling almost $1.8 billion. That would mean that almost half of the individual taxpayer population was required to wear a uniform or protective clothing or had some special requirements for things like sunglasses and hats.

The Commissioner is about the reveal the tax gap, the amount of tax “dodged”, by those evil multinationals and those pure innocent individuals. And what will the media say when the we discover that both in percentage and gross amounts the real tax dodgers are the individuals. The multinational cannot even come close to being as dodgy as the workers of Australia!

Work in tax for 5 minutes and you will know that this is 100% true…
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Chris
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Deductions on houses will lift the lid on the common scams like house painted, carpets replaced or new fence annually.

There's a large portion of investors who seem to take great liberal strokes when jotting down their annual costs associated with running an IP
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herbie
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Chris
7 Jul 2017, 08:30 PM
Deductions on houses will lift the lid on the common scams like house painted, carpets replaced or new fence annually.

There's a large portion of investors who seem to take great liberal strokes when jotting down their annual costs associated with running an IP
I don't - 'N if tha ATO rams you right up tha arse for any fundamentally dodgy little tax practices you do ya fundamentally dodgy deceptive little cnt, it just won't break my heart one little bit at all.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rufus
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Chris
7 Jul 2017, 08:30 PM
Deductions on houses will lift the lid on the common scams like house painted, carpets replaced or new fence annually.

There's a large portion of investors who seem to take great liberal strokes when jotting down their annual costs associated with running an IP
No, I listened to most of the address and all of the press questions.
The commissioner is quite clear, it's ordinary people who are the worst tax scammers.

It was a great press luncheon address.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Bernie
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Chris
7 Jul 2017, 08:30 PM
Deductions on houses will lift the lid on the common scams like house painted, carpets replaced or new fence annually.

There's a large portion of investors who seem to take great liberal strokes when jotting down their annual costs associated with running an IP
When you rent the house to a bunch of pigs on a 12 months contract of course it has to be painted and recarpeted every year. Anyway dodging the cost of a few tins of paint and a few meters of carpet is nothing when you have ATO families dodging the cost of entire paint factories and carpet warehouses. :lol


AUSTRALIA’S chief tax man has launched a resounding defence of his fallen deputy Michael Cranston, saying alleged fraud kingpin Adam Cranston “ruined” his father’s career.

Australian Taxation Office Commissioner Chris Jordan told the National Press Club in Canberra today he was proud of Operation Elbrus, which investigated the alleged $144 million Plutus Payroll fraud scheme and rocked his department.

Adam and his sister Lauren Cranston were arrested in Australian Federal Police raids in May and charged with defrauding the Commonwealth.

http://www.dailytelegraph.com.au/news/nsw/michael-cranston-ruined-by-son-adams-alleged-fraud-ato-boss-tells-national-press-club/news-story/24f34905df6ec3adfb2dc21589ad3782?nk=da8b514f23311521ae7043a80c3bedc3-1500192360
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Foxy
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Zero is coming...

Rufus
7 Jul 2017, 08:12 PM
Who are the Tax Dodgers?
July 6, 2017
Link
If you read the newspapers it is those evil multinationals. But a recent speech by the Commissioner might dispel that myth. Have a look at these quotes:

The first cab off the rank will be the large market corporate tax gap which we will release formally next month. In the lead up to that formal release, today I will share with you the gap we have estimated, based on 2014–15 data.

It is approximately $2.5 billion; equivalent to about 6% of the collections for that market, and similar to the gap estimated for large corporates in the UK.

This $2.5 billion gap is way below the numbers that have been thrown around by various commentators – some wildly claiming it to be up to $50 billion.

The best ever estimate of the tax being avoided by those dodgy multinational we have ev er had, before we introduced the most onerous anti-avoidance rules in the world to apply only to them (the MAAL and the Diverted Profits Tax), is $2.5 billion a year. Given the recent changes to our tax laws this amount will be less today than in was in the 2014/15 year.

Sounds bad… But what about those poor hard done by workers…

Our early work and preliminary findings on the gaps for small business and individuals are telling us that there are likely to be bigger gaps in each of those markets than in the large market.

The industry that best comply with the tax system are those large dodgy multinationals! Its the small businesses and individuals who are much much worse.

In 2014–15, more than $22 billion was claimed for work-related expenses. While each of the individual amounts over-claimed is relatively small, the sum and overall revenue impact for the population involved could be significant – in the vicinity of, or even higher than the large market tax gap of $2.5 billion – and that’s just for this category of deductions, work-related expenses.

But would those pure individuals claim deductions they are not entitled too???

In 2014–15, around 6.3 million people made claims against clothing expenses totalling almost $1.8 billion. That would mean that almost half of the individual taxpayer population was required to wear a uniform or protective clothing or had some special requirements for things like sunglasses and hats.

The Commissioner is about the reveal the tax gap, the amount of tax “dodged”, by those evil multinationals and those pure innocent individuals. And what will the media say when the we discover that both in percentage and gross amounts the real tax dodgers are the individuals. The multinational cannot even come close to being as dodgy as the workers of Australia!

Work in tax for 5 minutes and you will know that this is 100% true…
Yes the "evil" workers....

http://www.news.com.au/finance/money/tax/ato-boss-coached-staff-to-say-alleged-fraud-was-mainly-fake-news/news-story/9a0dacb5103f86ecc5612bf4e8d3da10


ATO boss coached staff to say alleged fraud was mainly ‘fake news’
Edited by Foxy, 16 Jul 2017, 09:12 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Foxy
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Zero is coming...

He thought he was Donald Trump,
:D :D :D
It is the ugly face of corruption....

Striking our high offices...

And what do they say??

Pay more tax,

Edited by Foxy, 17 Jul 2017, 11:44 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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stinkbug
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This story is no real surprise. Based on what I've seen I'd suggest tradies are one of the largest (if not the largest) group who dodge tax.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Foxy
Member Avatar
Zero is coming...

stinkbug
17 Jul 2017, 01:36 PM
This story is no real surprise. Based on what I've seen I'd suggest tradies are one of the largest (if not the largest) group who dodge tax.
Well when you see where that tax goes, (and i say you must pay your tax) who could blame them...

When the head of the snake bites it's own body???

http://www.news.com.au/finance/money/tax/adam-cranston-son-of-ato-deputy-commissioner-spent-more-than-200000-on-italian-racing-cars/news-story/d2d1017baeecc4c8405f1cc2f4bb3e97

Adam, next minute we may hear about apples???
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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