{"id":3816,"date":"2025-01-30T12:32:43","date_gmt":"2025-01-30T01:32:43","guid":{"rendered":"https:\/\/wiselinkaccountants.com.au\/?p=3816"},"modified":"2025-01-30T13:53:41","modified_gmt":"2025-01-30T02:53:41","slug":"online-tax-schemes-on-the-rise","status":"publish","type":"post","link":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/online-tax-schemes-on-the-rise\/","title":{"rendered":"Online tax schemes on the rise: Get the information to protect yourself from unlawful tax schemes."},"content":{"rendered":"\n

Potentially dodgy tax schemes<\/a> are being promoted online and offered to people when they least expect it.<\/p>\n\n\n\n

We’re urging individuals and businesses to be wary of tax schemes promoted online (including via social media) promising to significantly reduce or avoid tax. Getting involved can attract heavy penalties.<\/p>\n\n\n\n

Our website lists examples of tax schemes<\/a> we are concerned about. Recently, we’ve seen one unlawful tax scheme encouraging people to dodge their taxes by setting up a purported not-for-profit foundationOpens in a new window<\/a> and organising their finances to look like their income belongs to it.<\/p>\n\n\n\n

Another recent<\/a> scheme offers would-be investors the opportunity to invest into a start-up that allegedly qualifies as an early stage innovation company, to benefit from the associated tax offset. We’re concerned investors won’t qualify for this.<\/p>\n\n\n\n

Such schemes have the potential to entice honest people who don’t fully understand what they’re getting into. Getting involved is risky.<\/p>\n\n\n\n

Detecting and taking action on promoters of unlawful tax schemes is a priority for our Tax Avoidance Taskforce (TAT). A recent example of TAT action is the Federal Court handing down $13.6 million in penalties<\/a> to research and development scheme promoters we investigated.<\/p>\n\n\n\n

Don’t fall for promoter tricks<\/h2>\n\n\n\n