Recognising tax avoidance: An analysis of Pt IVA of the Income Tax Assessment Act 1936 (Cth).

From: Australasian Business Intelligence | Date: July 24, 2006 | Copyright information

Byline: Julian Roberts

Jul 24, 2006 (Australian Tax Forum - ABIX via COMTEX) -- Criticism of Pt IVA of the Income Tax Assessment Act (ITAA) 1936 has centred on the scope of its application, such as when does tax planning become tax avoidance? It is important to examine the High Court of Australia's approach in determining the purpose of a tax scheme. In addition, the concepts of scheme and tax benefit - as outlined in section 177F (1) and section 177D of the ITAA 1936 respectively - form further considerations in ...

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