'Bottom of the harbour' schemes were a form of tax avoidance used in Australia in the 1970s. The 'harbour' referred to was Sydney Harbour, which was near the financial district. Participation in the schemes was made a criminal offence in 1980.
When do we need to pay tax and when don't we? Discover the different types of income and test your knowledge about when and where tax should be paid.
|Income and income tax|