In my many years as a tax writer, Ive come across many stories like this. It is the story of the unsuspecting wives/partners who end up in a world of pain, simply because they chose the wrong partner in life.
When their partner is wanted by authorities like the police and the Australian Taxation Office, these women, tragically, also become targets.
When money moves offshore
Sally says the Tax Office alleged her husbands company was set up as an asset-stripping arrangement, by which the assets of the company were removed overseas so that the directors of the company, including Sally, could avoid paying tax.
Sally says she was told by her ex-husband that this arrangement was designed to protect her assets and that she was unaware there was a p…
Read the full article at: https://www.smh.com.au/money/tax/love-hurts-unsuspecting-partners-get-caught-up-in-tax-nightmares-20180907-p502hk.html