Re: Talking of Taxes

[Otis C. Wright, Jr.]

During the decade or so I operated a business in Oz,  I seem to remember 
that, amongst other powers held at that time, sales tax agents could 
arrive without notice and  hold corp officers for 24 hours without 
benefit of counsel.   Always tended to make one very careful to keep 
good records and quite cooperative during the annual "visits."   A few 
good war stories on that front.  Great memories.    As I recall,  at 
that time,  income tax agents were not afforded such powers ---.       

Otis Wright

John Coyle wrote:

Frank, you'll appreciate this.

The Australian tax-man wanting  it all  his own way: Section 92(2) of the
Sales Tax Assessment Bill:
" For the purposes of cancelling a tax benefit, the Commissioner may, in the
assessment, determine any or all of the following:
(a) that particular things are to be treated as not having happened;
(b) that particular things are to be treated as having been done by a
different person or to have happened at a different time;
(c) that particular things that did not actually happen are to be treated as
having happened and, where appropriate:
(i) to have been done by a particular person;
(ii) to have happened at a particular time."
Fortunately, I don't think it ever got into the Act, which has now been
superseded by GST law anyway, but it underlines the way bureaucreats thiink
(if that's an apposite word!).


John Coyle
Brisbane, Australia
----- Original Message ----- 
From: "frank theriault" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Tuesday, September 16, 2003 6:57 AM
Subject: Re: pentax-discuss-d Digest V03 #984

 

Bingo, Tom!!

You hit the nail on the head with that one.  When you owe taxes on a
   

transaction
 

has nothing to do with when the transaction is actually complete.  The
   

IRS, (or in
 

Canada, RevCan) live in their own little world, that has little bearing on
reality.  Of course, when you write the laws...
What a great line, I'll have to remember that:  "You owe the taxes when
   

the tax
 

people say you owe the taxes."  Never have truer words been posted on this
   

list.
 

<vbg>

cheers,
frank
graywolf wrote:

   

You own the taxes when the
tax people say you owe the taxes.
     

--
Honour - that virtue of the unjust!
-Albert Camus