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ACC80012: Taxation Principles And Planning - Report Writing Assignment Help
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Internal Code: D_AI_DECA_ADG
Code: ACC80012
Taxation Principles And Planning Assignment Help
Assignment Task: ACC80012 ISSUE FOR RESEARCH: “Tax avoidance is one of the most controversial and widely debated topics in taxation law. Tax avoidance is a nebulous concept that is quite often confused with tax evasion and tax planning. However these concepts are quite different and need to be distinguished and broadly speaking, tax avoidance lies somewhere between tax evasion and tax planning”. (Barkoczy S, Foundations of Taxation Law 11th Edn, p1059). ACC80012 “Dealing with tax evasion is always a high priority for the Australian Government. This is not because tax evasion decreases government revenue, but also because it is often linked to other crimes, such as identity theft. The Government combats tax evasion by imposing pecuniary penalties and jail terms on offenders. For instance, tax evaders can be prosecuted for committing a range of offenses under the Tax Administration Act 1953 and the Criminal Code Act 1995”. (Barkoczy S, Foundations of Taxation Law 11th Edn, p1060) ACC80012 Over the years the government of the day has tried to counter the latest tax avoidance or tax evasion strategies by inserting legislation to target specific schemes to make them ineffective. Each year the Australian Taxation Office nominates the ‘’hot spots’’ it will target with its annual compliance program, and always high among its priorities are measures to stamp out tax evasion. ACC80012 Required: ACC80012 (i) Discuss the concepts of tax ‘evasion’, tax ‘avoidance’ and tax ‘planning’ using appropriate examples to highlight the differences, and explain why tax authorities worldwide have become concerned in particular about tax evasion and avoidance. (ii) Discuss the judicial response related to tax evasion and avoidance arrangements in Australia by examining how the courts have responded to these various activities. (iii) Discuss how the Australian Taxation Office (ATO) has responded to counter developments in the areas of tax ‘evasion’ and tax ‘avoidance’. Refer to any developments and changes applicable in Australia. (iv) Discuss with reasons whether you believe that the ATO approach is working or not working to reduce tax evasion and avoidance.This ACC80012: Taxation Assessment has been solved by our Taxation experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.