Tax Planning is Wrong - go for it             

      Many Australians and New Zealanders, even of the Croquet persuasion, believe that any form of Tax Planning is Immoral, Illegal or it makes you fat.

        An Employee's Salary, Workers Compensation Insurance, Holiday Pay and Superannuation are all Tax Avoidance Deductions for the employer - and well Tax Planned.

      There would be Civil War if these Legitimate Tax Avoidance schemes were suddenly made non-Tax Deductible.

       Sponsorships as a Tax Deduction was won for all Sportspersons by Mac Robertson (later Sir Mac KGB) in a famous piece of litigation before the Law Lords of the Privy Council in the UK in 1935. This Judgement has been upheld by all members of the United Nations.

       Mac proved to the Law Lords that his Sponsorship of Croquet and other similar Sponsorships gained his confectionary empire more media attention than normal advertising.

       To this day Sponsorships have proved more effective than any other form of marketing. It is considered by many international corporations as the 20% of the marketing dollar that works.

Please Consider:-

On the right is the Index of our Sport/Business Tax Planning Directory.

 

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UPDATE: Due to John Howard's "New (Easier and Fairer) Tax System" of July 1st. 2000, and the future outcome of the "Ralph Review" including Pending Legislation, some of our Chapters have to be revised and updated.

  However, it seems unlikely that the tax breaks available to Competitive Croquet Players will change. 


Definition of  "Z-Tax"

"Zero Tax: Avoidance by Exchange"

      The average Patriotic Australian Small Family Business has options of upwards of $75K/annum of Taxable Income able to be exchanged for $75K/annum of   None-Taxable Income.

    This is besides the normal business deductions and depreciations.


       It is a fact of life that rich and wealthy families don't pay Income Tax - or very little. Instead, they take the second or third option and help create the Wealth of our Nation ---- our Commonwealth of Australia.

You have the same "Choice Principle" options.

(1) Pay Income Tax or

(2) Create the Wealth of our Nation or,

(3) A Bit of Both

Why not use either of them.?