Sentence examples for minimisation of tax from inspiring English sources
The CBI does not condone highly abusive avoidance schemes which serve no commercial purpose other than the minimisation of tax, even if they are legal.
The latest revelations about Cadbury are also likely to embarrass Sir Roger Carr, who as president of employers' lobby group the CBI last month claimed: "We reject schemes which serve no commercial purpose other than the minimisation of tax – even though such schemes may be legal".
It is within their power to tell their tax accountant that they don't want the only consideration to be the minimisation of their tax bill.
If they did, that seems consistent with what many see as the "business friendly" and even "tax-haven friendly" attitude that seems to pervade our tax authority, especially faced with companies who openly admit they seek to minimise tax in any way they can – as Vodafone does when it says: "The maximisation of shareholder value will generally involve the minimisation of taxation".
Transfer pricing, which involves minimising taxation by artificially charging high prices or operating costs to subsidiaries in Australia, and other forms of tax minimisation, are a certainty.
But conditions apply … In a series of tax transparency reports legislated by Labor in 2013 and released earlier this year, the Australian Taxation Office revealed that, courtesy of deductions, deferred losses, minimisation and evasion, public companies in Australia pay an average of 24% on their taxable income, while private companies pay an average of just 19%.
blacklisting of tax havens.
Countries receive refunds net of tax revenues.
