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Yes, good structuring but it seems to be at a much higher level than the mum & dad investors with a couple of IPs' trusts are constantly encouraged to benefit so much.

Obviously you are in the industry but without the jargon are you saying that clients of yours have had properties in trusts and therefore the properties were 100% protected from litigation because they were in a trust?

There are thousands of electricians out there doing cash jobs with no invoice and doing great work. No houses burning down due to shorts etc. No problem, its just ridiculous scare mongering and perpetuating of myths. Similar to the scare mongering to do with getting a trust in case you...

It is law in Italy as well. But they have the biggest cash economy of all. In fact its a national pastime. They even have their own police to make sure people pay taxes etc - Guardia di Finanza. http://en.wikipedia.org/wiki/Guardia_di_Finanza

Ok, i'll be pedantic. I should have written "any business that offers cash without an invoice." I thought that would be obvious. Regarding the ATO, i think they know it would be impossible to pursue the payer of cash in every transaction so they wouldnt bother wasting their resources on that...

I thought we were talking about tradespeople. But, no worries, that's your opinion. Its a forum, we can have differing opinions. Further thought: Last week i bought a LCD tele at The Good Guys. They offered me a discount for cash and i asked the guy is credit card ok and yes it was. I also...

I think that's drawing a long bow. Do you discuss the reasons when a tradie (or any business) offers a cash deal? I don't think so. Most people are aware of the obvious reason the are being offered a cash deal. There are such things as discounts for COD but they normally come with an invoice...

I knew someone would pick up on that. You'll have to buy the DVD at those special shops. ;)

Are you suggesting the person paying the cash is not complicit in "rorting" the tax system for the benefit of receiving a big discount. Don't forget, it takes 2 to tango. By the way, i realised very early on the paye employee is at the bottom of the food chain when it comes to tax minimisation...

I'm an ethical person but i don't agree that accepting cash is fraud. Well, i suppose it is technically. Just that i think the existing tax system is unnecessarily punitive. While your point is correct about the cash economy passing the burden to taxpayers - including tradies. Every industry...

Wake up guys. Every country in the world has a secondary cash economy. And Australia's is smaller than most. And its absolute chicken feed compared to the 'rorts' in big business, politicians etc. If a tradie offers you a cash price. Ask for 10% discount for no GST and another 10% off for the...