Tax Avoidance

Question 1

Under ___________(1) of the ITA 2007, a tax avoidance arrangement is void as against the Commissioner for income tax purposes.

Answer 1

Section BG 1

Question 2

Under section BG 1(1) of the ITA 2007, a _____________ is void as against the Commissioner for income tax purposes.

Answer 2

tax avoidance arrangement

Question 3

Under section BG 1(1) of the ITA 2007, a tax avoidance arrangement is ___________ as against the Commissioner for income tax purposes.

Answer 3

Void

Question 4

Under section BG 1(1) of the ITA 2007, a tax avoidance arrangement is void _________________ for income tax purposes.

Answer 4

as against the Commissioner

Question 5

Under section BG 1(1) of the ITA 2007, a tax avoidance arrangement is void ____________________.

Answer 5

for income tax purposes

Question 6

Under section __________(2) of the ITA 2007, under Part G (Avoidance and non-market transactions), the Commissioner may counteract a tax advantage that a person has obtained from or under a tax avoidance arrangement.

Answer 6

BG 1

Question 7

Under section BG 1(2) of the ITA 2007, __________ (Avoidance and non-market transactions), the Commissioner may counteract a tax advantage that a person has obtained from or under a tax avoidance arrangement.

Answer 7

under Part G

Question 8

Under section BG 1(2) of the ITA 2007, under Part G (______________), the Commissioner may counteract a tax advantage that a person has obtained from or under a tax avoidance arrangement.

Answer 8

Avoidance and non-market transactions

Question 9

Under section BG 1(2) of the ITA 2007, under Part G (Avoidance and non-market transactions), _____________________ counteract a tax advantage that a person has obtained from or under a tax avoidance arrangement.

Answer 9

the Commissioner may

Question 10

Under section BG 1(2) of the ITA 2007, under Part G (Avoidance and non-market transactions), the Commissioner may _______________ that a person has obtained from or under a tax avoidance arrangement.

Answer 10

counteract a tax advantage

Question 11

Under section BG 1(2) of the ITA 2007, under Part G (Avoidance and non-market transactions), ________________ that a person has obtained from or under a tax avoidance arrangement

Answer 11

the Commissioner may counteract a tax advantage

Question 12

Under section BG 1(2) of the ITA 2007, under Part G (Avoidance and non-market transactions), the Commissioner may counteract a tax advantage that ______________ from or under a tax avoidance arrangement.

Answer 12

that a person has obtained

Question 13

Under section BG 1(2) of the ITA 2007, under Part G (Avoidance and non-market transactions), the Commissioner may counteract a tax advantage that a person has obtained _______________________.

Answer 13

from or under a tax avoidance arrangement.

Question 14

Under section BG 1(2) of the ITA 2007, under Part G (Avoidance and non-market transactions), the Commissioner may counteract a tax advantage __________________________.

Answer 14

that a person has obtained from or under a tax avoidance arrangement.

Question 15

What is the 3-step process for identifying tax avoidance?
Step 1 – __________________________
Step 2 – Is there a more than merely incidental purpose or effect of tax avoidance;
Step 3 – If there is a non-incidental purpose or effect of tax avoidance consider what steps ought to be made to counteract the advantage.

Answer 15

Identify what constitutes the arrangement;

Question 16

What is the 3-step process for identifying tax avoidance?
Step 1 – Identify what constitutes the arrangement;
Step 2 – ____________________________________;
Step 3 – If there is a non-incidental purpose or effect of tax avoidance consider what steps ought to be made to counteract the advantage.

Answer 16

Is there a more than merely incidental purpose or effect of tax avoidance;

Question 17

What is the 3-step process for identifying tax avoidance?
Step 1 – Identify what constitutes the arrangement;
Step 2 – Is there a more than merely incidental purpose or effect of tax avoidance;
Step 3 – _______________________________________________.

Answer 17

If there is a non-incidental purpose or effect of tax avoidance, consider what steps ought to be made to counteract the advantage

Question 18

In what case was the three-step process for identifying tax avoidance explicitly endorsed?
CIR v ________________ (2001)

Answer 18

BNZ Investments Limited

Question 19

Cases where the three step process concerning identifying tax avoidance has been explicitly applied include:-
_____________ v CIR (2009) and Ben Nevis Forestry v CIR
It was also evident in Glenharrow Investments Limited v CIR (2009)
Peterson

Answer 19

Peterson

Question 20

Cases where the three step process for identifying tax avoidance has been explicitly applied include:-
Peterson v CIR (2009) and ___________ Forestry v CIR
It was also evident in Glenharrow Investments Limited v CIR (2009)

Answer 20

Ben Nevis

Question 21

Cases where the three step process for identifying tax avoidance has been explicitly applied include:-
Peterson v CIR (2009) and Ben Nevis Forestry v CIR
It was also evident in ______________ Investments Limited v CIR (2009)

Answer 21

Glenharrow