The Taxation Commissioner's Decision

A tribunal upheld the taxation commissioner's decision on the twentieth of december, 20 thirteent. And the group moved back to the kimberly in western australia. A clothing business called ringers westen became another i related endeavor. The set up seemed to be that anyone who joined signed over all of their assets and paid any income they received in their regular job, straight over to sped. In donating 100 % of their income, they would therefore not pay any income tax. Sped would then cover food and gen a living costs. And claime this expenditure as a tax deduction, because it was all part of the 24 seven research that the group was undertaking.

Play episode from 27:03

Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app