Australian Institute of Criminology

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Thinking about tax avoidance

Trends & issues in crime and criminal justice no. 43

Ivan Potas
ISBN 0 642 19553 6 ISSN 0817-8542
Canberra: Australian Institute of Criminology, August 1993

Abstract

The tax avoidance and tax evasion activities that mushroomed during the 1970s and early 1980s resulted in a decade of tax reform. Potas outlines these activities and the reforms, and also discusses the Peabody decision, negative gearing, tax minimisation, penalties and the overreach of the law. He argues that the taxation rules have become so complicated that compliance is becoming more difficult, with all but the simplest tax returns requiring expert assistance. He advocates simplification of Australia's tax laws.