Taxation for Australian Businesses: Understanding Australian Business Taxation Concessions

Preface

While I was reading the local newspaper the other day two articles caught my attention. In one an ex-Glory football player and accountant had misappropriated money from his business in order to fund a gambling debt, and as a consequence of this he had not paid the correct amount of tax on his earnings. He was subsequently sentenced to seven years imprisonment for tax fraud, a victimless crime. In another article, a clandestine drug lab exploded, injuring the offender and a child living at the same residence. He received only five years for his efforts.

The moral to this story is that our society views crimes against the state as far more serious than crimes against the individual, even an innocent toddler. So beware the Tax Man!