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Interesting Tax Facts

Discussion in 'Accounting, Tax & Legal' started by NickM, 17th Oct, 2006.

  1. NickM

    NickM Co-founder Staff Member

    Joined:
    20th Jun, 2005
    Posts:
    321
    Location:
    Sydney
    and we thought Australia had a tax avoidance problem !
    See attached Article
     

    Attached Files:

  2. Leandro

    Leandro Well-Known Member

    Joined:
    8th Dec, 2005
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    228
    Location:
    Sydney
    That's pretty bad. I guess if their version of the ATO isn't going to enforce the law then you can expect that to happen. I'm guessing a fair bit of it is going unchecked due to corruption as well. (or that me watching too many movies!)
     
  3. hiflo

    hiflo Well-Known Member

    Joined:
    3rd Jun, 2006
    Posts:
    68
    Location:
    Sydney, NSW
    Korea is as bad as Italy because it has a system based on declaration by the taxpayers.

    They also have agents selling receipts etc for tax declaration and I recently (3 years ago) found that this practice for small company owners are rampant in mainland China.

    So sometimes wonder, whether the growth figures produced world agencies are real !!!