Inquiry into mass marketed tax effective schemes and investor protection: Interim Report

Inquiry into mass marketed tax effective schemes and investor protection: Interim Report

June 2001

© Commonwealth of Australia 2001
ISBN 0 642 71142 9

View the report as a single document - (PDF 400KB)

View the report as separate downloadable parts:

The Committee (PDF 86KB)
 
Terms of Reference (PDF 80KB)
 
Definitions (PDF 98KB)
 
Chapter 1 - Introduction (PDF 122KB)
 
Chapter 2 - Nature and Scale of the Problem (PDF 130KB)

Risk to the Tax System
The Human and Social Cost of the Problem
 
Chapter 3 - The ATO’s Position at Law (PDF 139KB)

Deductibility: General Provisions
Part IVA
221D Tax Instalment Variations
Promoters
 
Chapter 4 - The ATO, the Market and Investors (PDF 189KB)

The Growth of the MMS Market and the ATO Response
Participant/Taxpayer Culpability – ‘Tax Cheats’ or ‘Unwitting Victims’?
The Role of the ATO Pre-1998
Did Investors Act Reasonably?
Prospective Versus Retrospective Action
Drawing a Line in the Sand
 
Chapter 5 - Current ATO Handling of MMS: Part IVA, Settlements and Debt Collection (PDF 162KB)

Individual Circumstances and Application of Part IVA
Settlements
Debt Recovery and Hardship Provisions
 
Chapter 6 - Test Cases and Objections (PDF 134KB)

Test Case Litigation Program
Deferring Recovery Action Pending the Outcome of Legal Action
Test Case Delays
Conclusions
 
Chapter 7 - Conclusion (PDF 104KB)
 
Minority Report - Liberal Senators (PDF 137KB)

ATO Concessions
Recent ATO Concessions
Fairness in Taxation
Special Circumstances of Mass Marketed Tax Scheme Participants
Finalising this Issue
Conclusions and Recommendations
 
Additional Comments - Senator Winston Crane, Liberal Senator for Western Australia (PDF 101KB)
 
Appendix 1 - Submissions Received (PDF 129KB)
 
Appendix 2 - Public Hearings and Witnesses (PDF 100KB)
 
Appendix 3 - Chronology of Tax Office Action on Aggressive Tax Planning (PDF 118KB)

For further information, contact:

Committee Secretary
Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
Email: economics.sen@aph.gov.au