Episode 7 - Cheeky Professionals, ATO Fairytales, and Big 4 taking it too far (again) - Value lost, probably too much
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Episode 7 - Cheeky Professionals, ATO Fairytales, and Big 4 taking it too far (again) - Value lost, probably too much
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About this listen
Episode 7 of Tax Lore unveils a fairytale still believed by the ATO. Harrison details the Tax Office embarking on a relentless 60-year quest against professionals and making up the story as they go. Through the gripping tales of landmark cases such as Peate, Everett, and the Phillips Case, we are drawn into a complex battlefield where laws are very sharp, and everyone gets more than a few cuts.
As the saga unfolds, the episode intricately explores the labyrinthine strategies employed by doctors, lawyers, accountants, and other professionals to navigate through the tempest of tax legislation and the anti-avoidance laws. Their quest to shield their earnings from the ATO's grasp is on-going, with drama still happening on Everett Assignments in Big 4 accounting firms and other practices. The narrative questions the blurred lines between legal tax minimisation, tax avoidance, and whether the ATO really has any leg to stand on or if they continue to perpetuate fairytales.