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| | Tax Evas Shams Part 1 |
 | | First, in a case of avoidance the taxpayer's calculation of assessable income will be correct if one starts from the proposition that the taxpayer's transactions are effective for tax purposes (and if one assumes that the taxpayer makes no other mistakes in composing the tax return). |
 | | However, in respect of tax avoidance transactions the related transactions rule is codified and expanded in New Zealand by section BB 9 of the Income Tax Act, and in Australia by the Australian counterpart of section BB 9, namely, Part IVA of the Federal Income Tax Assessment Act. |
 | | If the avoidance arrangement is in fact effective it is probably not possible to obtain a conviction, because the taxpayer's income is in fact only $60,000 and what he did could not cause loss to the Commissioner. |
| www.vuw.ac.nz /~prebble/publications_available/taxevasshams.html (12731 words) |
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