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ATO targeting people with "Private Planes"

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ATO targeting people with "Private Planes"

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Old 18th Dec 2019, 11:44
  #21 (permalink)  
 
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Looks like ScoMo and his mates want another surplus next year.
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Old 18th Dec 2019, 18:25
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"Never mind Part 91 and 135 will save GA"

Part 91 and 135 are simply the nails for GA's coffin.

Trouble is, after pissing away half a billion bucks to kill us they wouldn't even provide a decent coffin.
Our coffin is made of inappropriate paper, nails not appropriate, glue would be better.
Carmody touts the end of the "Reform" program after thirty years.
He would have been more truthful announcing the end of the scourge of General Aviation.
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Old 18th Dec 2019, 19:23
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Santa

Next thing you know the ATO will be after this bloke to tax his means of transport.
As can be seen Santa does not regard the ATO very highly as most people don't either !!!


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Old 18th Dec 2019, 19:44
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Would have looked better with a larger image but I don't know how to do it!
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Old 18th Dec 2019, 20:28
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The ATO would be better advised to target owners of American Dodge Ram utilities along with a caravan or speedboat. The number of tradies with a Dodge Ram and a $100,000 caravan or wakeboard boat - total rig $150,000 - $200,000 + around here is just eye watering.

But such is the downside of Australian culture that they aren’t labelled as silvertails like aircraft owners.
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Old 18th Dec 2019, 20:54
  #26 (permalink)  
 
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I suspect this little fishing expedition by the ATO will flush out those in the grey cash only economy and of course those in the non-pharmaceutical drug industry.

Its not (yet) a crime to own a yacht, plane or Ferrari. Not so sure this publicity stunt by the ATO is anything to get excited about.

ps... totally concur with everyone’s sentiments about governments incinerating our tax dollars... but that’s a whole seperate issue.
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Old 18th Dec 2019, 21:23
  #27 (permalink)  
 
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If you had any of those things and they were worth that type of money, you’d be crazy to have it registered to you personally.

Companies, trusts, etc. You don’t get rich or stay rich by paying lots of tax.
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Old 18th Dec 2019, 21:34
  #28 (permalink)  
 
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Originally Posted by Sunfish


But such is the downside of Australian culture that they aren’t labelled as silvertails like aircraft owners.
Let’s face it, the death of Australian culture began the very moment the transgender lobby and feminists united to stop schoolboys taking their firearms on public transport.
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Old 18th Dec 2019, 21:37
  #29 (permalink)  
 
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Some years back the ATO requested the registration register from RA-Aus because owners were hiding behind their confidentiality clause on the regos. Apparently a number of “pensioners” were getting around in $100k+ aircraft.

An aircraft owner mate told me years ago that on the pension form it says words to the effect of “do you own any assets such as a caravan or boat” and he said he didn’t mention it because aircraft was not on the form.
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Old 18th Dec 2019, 23:20
  #30 (permalink)  
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Companies like Amazon and Google got too smart and now have to pay.
and the favourite of the people who complain the most about large companies - Apple
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Old 19th Dec 2019, 02:32
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Originally Posted by Sunfish
The ATO would be better advised to target owners of American Dodge Ram utilities along with a caravan or speedboat. The number of tradies with a Dodge Ram and a $100,000 caravan or wakeboard boat - total rig $150,000 - $200,000 + around here is just eye watering.

But such is the downside of Australian culture that they aren’t labelled as silvertails like aircraft owners.
Perhaps a little closer examination of the audit parameters is called for. Any motor vehicle over the luxury car tax threshold gets their attention. So effectively every Dodge RAM transaction would be on their radar (quite apart from the FBT also).
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Old 19th Dec 2019, 03:38
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There is a book/pdf available called "The essential underground handbook"
This explains all the ways the rich keep their money in safe places and far away from the prying eyes of tax inspectors, governments and any other nosey parker.

Well worth a read.
Sorry can't post a link.
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Old 19th Dec 2019, 08:33
  #33 (permalink)  
 
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Originally Posted by Lantern10
There is a book/pdf available called "The essential underground handbook"
This explains all the ways the rich keep their money in safe places and far away from the prying eyes of tax inspectors, governments and any other nosey parker.

Well worth a read.
Sorry can't post a link.

Cant post a link? FFS... here we are salivating for this information.. at least give us a teeny clue.
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Old 19th Dec 2019, 13:21
  #34 (permalink)  
 
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If you had any of those things and they were worth that type of money, you’d be crazy to have it registered to you personally.
That's the best way to do it, then lease it to your company at a profit to you personally.
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Old 19th Dec 2019, 14:49
  #35 (permalink)  
 
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Essential underground handbook
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Old 19th Dec 2019, 22:39
  #36 (permalink)  
 
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Originally Posted by ricardian
You beat me to it!!!!

http://index-of.co.uk/Tutorials-2/Es...ublishing).pdf
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Old 19th Dec 2019, 23:36
  #37 (permalink)  
 
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In the USA, the tax authorities even look at magazine subscription lists to find undeclared income. Someone filing a $60 000 return and reading about yachts, luxury travel or something indicating expensive tastes would likely get looked at.
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Old 20th Dec 2019, 03:31
  #38 (permalink)  
 
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The ATO would be better advised to target owners of American Dodge Ram utilities along with a caravan or speedboat. The number of tradies with a Dodge Ram and a $100,000 caravan or wakeboard boat - total rig $150,000 - $200,000 + around here is just eye watering.
Not to mention people who run the renovation materials through the Business tax free, do a nice flash reno, then sell the house tax free. Surely the ATO in this day and age can start looking at the house valuation vs the declared income.
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Old 21st Dec 2019, 00:59
  #39 (permalink)  
 
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Originally Posted by ricardian
Interesting reading but, I think, a bit dated and really better suited to our American cousins who enjoy significantly more individual liberties than we do here in Gulag Antipodes.
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