Read e-book online A Comparative Look at Regulation of Corporate Tax Avoidance PDF

By Karen B. Brown

ISBN-10: 9400723415

ISBN-13: 9789400723412

This quantity presents a desirable examine the anti-tax avoidance innovations hired by means of greater than fifteen nations in jap and western Europe, Canada, the Pacific Rim, Asia, Africa, and the U.S.. It surveys the similarities and alterations in anti-avoidance regimes and includes targeted chapters for every nation surveying the ethical and criminal dimensions of the problem.  The proliferation of tax avoidance schemes in recent times indications the worldwide dimensions of an issue featuring a major problem to the potent management of tax legislation. Tax avoidance includes unacceptable manipulation of the legislations to acquire a tax virtue. those transactions help wasteful habit within which organizations input into complicated, circuitous preparations completely to reduce tax legal responsibility. It frustrates the facility of governments to assemble enough profit to supply crucial public items and prone. Avoidance of duly enacted provisions (or manipulation to safe tax merits accidental through the legislature) poses a probability to the powerful operation of a loose society for the advantage of a small workforce of contributors who search the privilege of moving their tax burden onto others in simple terms to compete on the earth of trade. In an international during which global treasuries fight for the assets to conflict terrorist threats and to safe an honest way of life for ingredients tax avoidance can convey economies just about the sting of sustainability. As tax avoidance is among the best matters of so much international locations, the significance of this paintings can't be overstated. 

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Additional info for A Comparative Look at Regulation of Corporate Tax Avoidance (Ius Gentium: Comparative Perspectives on Law and Justice) (English and French Edition)

Example text

G. 100 98 Sub division 284-C, Taxation Administration Act 1953. Section 284-150, Taxation Administration Act 1953. 100 Section 284-215, Taxation Administration Act 1953. 101 It is – • 50% of the scheme shortfall amount: or • 25% of the scheme shortfall amount, if it is reasonably arguable that some part of the penalty should be remitted, because Part IVA does not apply. A matter is reasonably arguable, if it can be said that even if the position taken was wrong, it could be argued, on reasonable grounds, that it was right.

But the eight factors cannot by themselves provide an answer. They are just matters to be taken into account in determining whether the facts as a whole lean more in favour of finding a tax-driven purpose or not. This presents a problem. 65 So, the real issue faced by the Australian courts is what more is required, apart from identifying the tax benefit, before a dominant purpose to obtain a tax benefit is manifest. While it is not explicit from the terms of Part IVA, it seems implicit that while 62 FCT v Spotless (1996) 186 CLR 404; FCT v Spotless Services Ltd 95 ATC 4775 (Full Federal Court).

Full Federal Court decisions are binding on all courts lower in the hierarchy, including an administrative tribunal, and, decisions of the High Court bind all courts and of course, the Tribunal. Decisions of the Federal Court are generally regarded as binding on themselves. The High Court reserves the right to change its view on a previously decided issue. In Australia, Part IVA is generally regarded as having been effective in controlling assertive tax avoidance practices and has been more successful than its predecessor – section 260 Income Tax Assessment Act 1936.

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A Comparative Look at Regulation of Corporate Tax Avoidance (Ius Gentium: Comparative Perspectives on Law and Justice) (English and French Edition) by Karen B. Brown

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