Hi
I have yet another question regarding these 85% tax schemes as the take home with no hassle is at times too appealing.
The scheme i have been referred to states:
- its outside of scope of tax avoidance so not DOTAS
- outside of GAAR
- doisclosed strategy so cant be penalised
So the question, if i am taking home 85% and no doubt the scheme provider must be talking a percentage. that leaves 5-10% that goes to the tax man how can this not be tax avoidance and oustide DOTAS/GAAR
I have yet another question regarding these 85% tax schemes as the take home with no hassle is at times too appealing.
The scheme i have been referred to states:
- its outside of scope of tax avoidance so not DOTAS
- outside of GAAR
- doisclosed strategy so cant be penalised
So the question, if i am taking home 85% and no doubt the scheme provider must be talking a percentage. that leaves 5-10% that goes to the tax man how can this not be tax avoidance and oustide DOTAS/GAAR
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