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Shorten .Claiming accountant fees as a tax deduction is a rort, page-61

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The-Head

17,957 Posts.

12/04/19

18:39

Post #: 38121378
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Originally posted by Alan Partridge: ↑

we have accountants and tax lawyers - good ones at that - and pay plenty of tax. Family trusts and the like aren't the answer, you can't distribute income to your kids without them paying the top marginal rate (it's no longer 1980). There is no magic bullet for avoidance unless you want to run your companies through an elaborate international web including a tax haven. All the efforts should go toward catching such avoiders who are genuine crooks, and the multinationals who use farcical transfer pricing regimens to avoid Australian tax. That would pay for company tax cuts for the remaining honest ones - which is most companies!

What happens at the moment is the ATO is scared off fighting the big dogs like Apple and Google and then come looking for smaller businesses that don't have the resources to get into an ugly fight. ATO are flat track bullies!

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When someone pays on average $198 000 for their tax affairs and ends up paying zero income tax somethings dodgy.
Someone explain to me how anyones PERSONAL tax can cost almost 200 grand to prepare?
Good on labor for stopping this rubbish

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