Promoter Penalties

Promoter penalty laws: 'sweet 16' or 'sour' for some?

This article was originally published in CCH Australia Tax Week Issue 29 (22 July 2022). The promoter penalty laws in Division 290 of Schedule 1 to the Taxation Administration Act 1953 took effect from 6 April 2006 and were introduced to help prevent outbreaks of mass marketed and employee-benefit tax schemes of the types that were prevalent in...