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No criminal law, common law and tax laws are the same. Its a tax scheme at best. Its blatant avoidance. In a technical accounting sense its difficult to disguise and easily detected. Especially given GST reporting would see disclosure of sales within each tax period (qtr, month etc) on a BAS...

In fairy land maybe. That's fraud. Criminal offence under Crimes Act. I'm laughing at concept. Its trading stock. It has a cost. Like Corn Flakes at Woolies which is no different. Imagine if WOW rolled their profit into the carrying value of stock. The last box sold on 30 June is the one that...

When calculating the profit ensure you factor in GST on the sale. The margin scheme may reduce it a bit. Perhaps also adjust costs for the GST you can claim only on the one you sell. The normal process is you calcim nothing unless its sold OTP but you keep records so you know how much and adjust...