Eureka Correspondence

The ATO and dividend washing, dividend dopes.

“Dividend washing” has just been arbitrarily and retrospectively (to 2009/10) outlawed by the Australian Taxation Office (ATO), using the explicit threats of “audit” and “penalties”, and the implied threats of noncompliance classification of your superfund and criminal prosecution. Repayment of credits from past tax returns is demanded. (To see what dividend washing is, see Eureka Report’s warning to subscribers about the practice back in January).

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