Question: What is the difference between tax planning, tax avoidance and tax evasion? (b) Discuss the meaning of scheme, tax benefit and sole or dominant purpose.

What is the difference between tax planning, tax avoidance and tax evasion? (b) Discuss the meaning of "scheme", "tax benefit" and "sole or dominant purpose". Why are these concepts important? (c) What is the role of section 177F of the ITAA 1936 and what consequences flow if Part IVA applies to a scheme? (d) What is the promoter penalty regime?

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