Policy paper

Penalties for the General Anti-Abuse Rule

This applies to taxpayers engaging in abusive tax avoidance arrangements which fall within the General Anti‑Abuse Rule (GAAR).

Documents

Draft clause 60

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Draft clause 61

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Draft clause 62

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Draft explanatory notes clause 60 to 62

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Details

This legislation will introduce a penalty of 60% of the tax due which will be charged in all cases successfully tackled by the GAAR.

Published 9 December 2015