The Australian Financial Review --- Page: 9 : 26 May 2008 Original article by Ashley Midalia
LexisNexis Summary
The Australian Taxation Office has warned that it has become aware of two tax evasion schemes. Both move money through a number of transactions, ending with a cheque that is never presented. One scheme involves loans from a private company to a shareholder, with the aim of distributing profits tax-free to shareholders. The other scheme involves delaying payment for services from a related company, leading to a growing amount of improperly deferred tax.
