The penalties are the largest ever for promoters of tax exploitation schemes and were ordered by the Federal Court last Friday against Paul Enzo Bogiatto and his associated companies.
Read more at the AccountantsDaily.
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Federal Court hands out highest-ever $22.68m penalty to tax exploitation promoter
A former tax agent and chartered accountant has been hit with $22.68 million in penalties after being found to have systematically abused the research and development tax incentive.
