FNSACC601 Prepare and administer tax documentation for legal entities - Tax Assessment 13

Task 1 – Tax avoidance

Robert is a registered tax agent who has been providing tax-planning advice to David, a plumber with his own business, for many years and who has an appetite for high-risk arrangements. This year, Robert tells David that he has identified an area of the law where there is room to maneuver and that he can design a structure for David, as a way to minimise his tax, for an extra fee.

Required
This task requires you to recognise tax avoidance by critically evaluating and researching the relevant concepts such as promoter penalty laws.

1. Discuss whether Robert’s tax planning arrangement is a tax avoidance scheme or not.
2. Explain Robert how promoter penalty laws operate and the maximum penalties that the Federal Court can impose on him.

Note: Your answers should be at least two paragraphs in length for each part and you may search the ATO’s website for tax planning.

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