PAR (ASX) The ATO Audit the Country Club

Originally posted by poolboy: ↑

Part 1 - Intro
DTCope ignited the PoolBoys interest when he uttered the Word.. TAX... in another thread and what better topic than to raise the eyre of the Country Club members...
DISCLAIMER ... My alter ego is a registered tax agent / accountant and you guessed it nerd. The following and anything I say should not be taken as advice and you should seek the advise of an agent / accountant before implementing a tax strategy as everybodies circumstances are different... Tax is a complex beast.
i will revisit this as I don’t have time to get everything in one post so this will start the thread and I will be back.

For any other accountants / Tax nerds please feel free to chime in happy for this to be free flowing and welcome adverse opinions etc..

There is nothing wrong with tax planning so as to legally minimise the Tax you are paying. Our tax system is built to take from the rich and distribute to the government such that people who work hard / get educated / risk their hard earned capital get taxed proportionally more. Does that seems fair?

Expand

Originally posted by poolboy: ↑

Part 1 - Intro
DTCope ignited the PoolBoys interest when he uttered the Word.. TAX... in another thread and what better topic than to raise the eyre of the Country Club members...
DISCLAIMER ... My alter ego is a registered tax agent / accountant and you guessed it nerd. The following and anything I say should not be taken as advice and you should seek the advise of an agent / accountant before implementing a tax strategy as everybodies circumstances are different... Tax is a complex beast.
i will revisit this as I don’t have time to get everything in one post so this will start the thread and I will be back.

For any other accountants / Tax nerds please feel free to chime in happy for this to be free flowing and welcome adverse opinions etc..

There is nothing wrong with tax planning so as to legally minimise the Tax you are paying. Our tax system is built to take from the rich and distribute to the government such that people who work hard / get educated / risk their hard earned capital get taxed proportionally more. Does that seems fair?

Expand

We all start from a different point. Some have wealthy parents and/or private education with its entry to networking. Some are intelligent. Some are born with a driven personality. These things are not really our own achievements but our luck. Giving is living! We enjoy a better, happier society when we share if we happen to end up with a larger pot.

Originally posted by poolboy: ↑

Part 1 - Intro
DTCope ignited the PoolBoys interest when he uttered the Word.. TAX... in another thread and what better topic than to raise the eyre of the Country Club members...
DISCLAIMER ... My alter ego is a registered tax agent / accountant and you guessed it nerd. The following and anything I say should not be taken as advice and you should seek the advise of an agent / accountant before implementing a tax strategy as everybodies circumstances are different... Tax is a complex beast.
i will revisit this as I don’t have time to get everything in one post so this will start the thread and I will be back.

For any other accountants / Tax nerds please feel free to chime in happy for this to be free flowing and welcome adverse opinions etc..

There is nothing wrong with tax planning so as to legally minimise the Tax you are paying. Our tax system is built to take from the rich and distribute to the government such that people who work hard / get educated / risk their hard earned capital get taxed proportionally more. Does that seems fair?

Expand

No.	Vol.	Price($)
1	36346	28.5¢

No.

Vol.

Price($)

36346

28.5¢

Price($)	Vol.	No.
30.0¢	36049	6

Price($)

Vol.

No.

30.0¢

36049

No.	Vol.	Price($)
1	36346	0.285
1	10000	0.280
1	5000	0.270
3	93800	0.265
7	122657	0.260

No.

Vol.

Price($)

36346

0.285

10000

0.280

5000

0.270

93800

0.265

122657

0.260

Price($)	Vol.	No.
0.300	36049	6
0.310	84049	1
0.315	17000	1
0.320	3278	1
0.325	4410	2

Price($)

Vol.

No.

0.300

36049

0.310

84049

0.315

17000

0.320

3278

0.325

4410

(20min delay)
Last 28.5¢		Change 0.015(5.56%)		Mkt cap ! $99.69M

Open	High	Low	Value	Volume
29.0¢	30.0¢	28.5¢	$124.1K	427.8K


Last 28.5¢		Change 0.015 ( 3.64 %)
Open	High	Low	Volume
29.0¢	29.5¢	28.5¢	50611
Last updated 15.58pm 01/05/2024 ?

The ATO Audit the Country Club, page-15

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