AGO 0.00% 4.5¢ atlas iron limited

df on sky business in 1 minute, page-41

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    There is a division in the Tax Act tittled Part IVA which will knock this "tax scheme" on the head.

    The key is to work out a "commercial" reason and not a "tax avoidance" reason and a scenario like this may work.

    I respect the lateral thinking though!
 
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