Funny Stuff

Project DO IT – Marketing at its best

The Commissioner’s marketing genius’ has put their heads together to come up with the best way to close down overseas tax havens – with a catchy slogan!

In “Project Do IT”, or Project disclose offshore income today, the Commissioner is providing a “last chance opportunity” for those who have not declared their overseas assets and income. If they make this declaration before 19 December 2014 the Commissioner will only assess four years of tax, only apply a 10% penalty and most importantly will not refer people for criminal investigations.

In announcing this project, the Commissioner reminded taxpayers that last year he raised $480 million in relation to income hidden in tax havens.

So lets stop employing auditors and employ more marketing experts as I am disappointed that I don’t have any undisclosed OS income… I just want to be a part of Project DO IT!

By Ken Mansell

As a stay at home Dad most of the week this is my way of pretending I am still the tax counsel of ASX and SEC listed companies, working at big 4 firms, working at the Federal Treasury, on the Henry Review and at Parliament House for the previous government.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s