4 ms·
This reminds me of the 'bottom of the harbour' tax scheme from the 70's in Australia (though that was properly criminal). Something I liked about how they deal
by Gustomaximus 14y ago
This reminds me of the 'bottom of the harbour' tax scheme from the 70's in Australia (though that was properly criminal).
Something I liked about how they dealt with it was they changed the law retrospectively meaning companies/individuals had to pay back tax they had avoided from previous years. I would love to see this done more where there is blatant tax avoidance.
http://en.wikipedia.org/wiki/Bottom_of_the_harbour_tax_avoidance http://en.wikipedia.org/wiki/Bottom_of_the_harbour_tax_avoid...
- arkem 14y agoApplying new laws retrospectively makes me nervous. Why should anyone be compelled to follow laws that don't currently exist?