{"id":1874,"date":"2012-07-10T09:12:35","date_gmt":"2012-07-10T09:12:35","guid":{"rendered":"http:\/\/www.itatonline.org\/info\/?p=1874"},"modified":"2012-07-10T09:12:35","modified_gmt":"2012-07-10T09:12:35","slug":"what-is-a-tax-avoidance-scheme-aus-tax-office-explains-law","status":"publish","type":"post","link":"https:\/\/itatonline.org\/info\/what-is-a-tax-avoidance-scheme-aus-tax-office-explains-law\/","title":{"rendered":"What Is A \u201cTax Avoidance Scheme\u201d: Aus Tax Office Explains Law"},"content":{"rendered":"<p>The Australian Tax Office has issued a comprehensive guide explaining what constitutes a tax avoidance scheme. It is pointed out that a tax planning arrangement that goes beyond the policy intent of the law and involve deliberate approaches to exploit the tax system is a tax avoidance scheme. It is emphasized that these schemes are not limited to the \u2018<em>too good to be true<\/em>\u2019 type of arrangement but can be more sophisticated than many people realise. It is cautioned that because some tax schemes are very cleverly dressed up as seemingly legitimate arrangements, it&#8217;s important to be able to recognise them. Examples are given of typical \u201c<em>tax avoidance schemes<\/em>\u201d which fall foul of the law. <\/p>\n<p>The guide is of immense practical importance in the Indian context especially in the light of the <strong><a href=\"https:\/\/www.itatonline.org\/info\/index.php\/download-draft-general-anti-avoidance-rules-gaar-guidelines\/\">Draft General Anti-Avoidance Rules (GAAR) Guidelines<\/a><\/strong> which were introduced recently. <\/p>\n<div class=\"journal2\">\n<p><img decoding=\"async\" src=\"https:\/\/itatonline.org\/info\/wp-content\/plugins\/wp-downloadmanager\/images\/ext\/pdf.gif\" alt=\"\" title=\"\" style=\"vertical-align: middle;\" \/>&nbsp;&nbsp;<strong><a href=\"https:\/\/itatonline.org\/info\/download\/guide_to_tax_avoidance_schemes.pdf\">Guide To Tax Avoidance Schemes Issued By Aus Tax Office<\/a><\/strong> (646.2 KiB, 1,851 hits)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Australian Tax Office has issued a comprehensive guide explaining what constitutes a tax avoidance scheme. It is pointed out that a tax planning arrangement that goes beyond the policy intent of the law and involve deliberate approaches to exploit the tax system is a tax avoidance scheme. It is emphasized that these schemes are not limited to the \u2018<em>too good to be true<\/em>\u2019 type of arrangement but can be more sophisticated than many people realise. It is cautioned that because some tax schemes are very cleverly dressed up as seemingly legitimate arrangements, it&#8217;s important to be able to recognise them. Examples are given of typical \u201c<em>tax avoidance schemes<\/em>\u201d which fall foul of the law<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/info\/what-is-a-tax-avoidance-scheme-aus-tax-office-explains-law\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,7],"tags":[],"class_list":["post-1874","post","type-post","status-publish","format-standard","hentry","category-all-information","category-others"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/1874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/comments?post=1874"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/1874\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/media?parent=1874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/categories?post=1874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/tags?post=1874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}