"Twenty-two reduced their taxable income to zero by claiming a combined $4.34m for the “cost of managing tax affairs” – nearly $198,000 each."
This is why the Labor initiative of restricting the amount that can be claimed back for "managing tax affairs" to a max of $5000 is such good policy.
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- 30% Rise in millionaires paying $NO Tax
30% Rise in millionaires paying $NO Tax, page-2
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