Bupa lessons: when does tax minimisation become tax avoidance?
Treasurers have a duty to keep tax costs down—and often use complicated structures to do so—but where do they draw the line? A fresh report reveals the common structures used by aged care providers to reduce tax.
It’s common knowledge multinational corporate treasuries can use complicated corporate structures to reduce tax payments, but even by the standards of the most assiduous treasury Bupa’s Australian tax structure has been labeled an ‘aggressive tax avoidance strategy’.
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