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Friday, 8 May 1970

Mr BURY - It is open under the law for any citizen to operate the laws as he can best to his advantage.

Mr Grassby - Oh?

Mr BURY - Within the law. I would say that this is not confined just to companies or the particular people to whom the honourable member has referred. A great number of individuals, some of whom may be in this House, use every device they can to lower their tax bill. The Commissioner of Taxation and the taxation machine generally are constantly on the alert to prevent loss to the revenue by various tax dodging devices. Naturally these are being invented all the time by very ingenious gentlemen and it is not possible to keep up with their pace. The taxation law inevitably moves a little behind events. However, if the honourable member has any good practical suggestions and examples which we could bring in quickly I should certainly be very delighted for the information that he can provide. The general position is understood by all. But chatter about the general position does not help the job of collecting necessary taxation.

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