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Legal vs Illegal Tax Saving Strategies

Paying our legal taxes is a small price to pay for the benefits we enjoy in a privileged, prosperous, and safe society such as Australia. 

Illegal Tax Saving Strategies

Illegal tax saving strategies damage the fabric of society and Government policy is clearly to minimise or eliminate them.

Australia's First Taxes – Excise and Customs Duties (1813)

When the first Governor, Governor Phillip, arrived with the First Fleet he had a Royal Instruction that gave him power to impose taxation if the colony needed it.

Of Course I Am Minimising My Tax

As the well-known Australian billionaire media magnate Kerry Francis Packer once said in reference to the Australian government.

Introduction To The Modern Income Tax | 1799

Income tax was first implemented in Great Britain by William Pitt the Younger in his budget of December 1798 to pay for weapons and equipment in preparation for the Napoleonic Wars.

Infamous Tax Evader - Willie Nelson

In the summer of 1977, Nelson discovered that his manager, Reshen, had been filing tax extensions and not paying the Internal Revenue Service (IRS).

Australia's Ten Most Expensive Legal Tax Breaks

The Commonwealth Treasury’s 2016 Tax Expenditures Statement (published in January 2017) shows Australia’s ten most expensive tax breaks.

The First Income Tax - Egyptian Pharaohs Tax (3000 BC)

The first income tax is generally attributed to Egypt where the Pharaoh’s collected taxes from their citizens to fund grain warehouses, building projects (including the pyramids) and local armies.

Putting Lipstick on the Pig

Talk to anyone in the accounting industry and it’s very apparent that compliance fees are falling (and will continue to fall year on year).

Infamous Tax Evader - Martha Stewart

Martha Stewart is a convicted tax evader. Before doing jail time for insider trading, Stewart was forced to pay $220,000 in back taxes and penalties to the State of New York, learning the hard way that East Hampton mansions also generate taxes.

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