In recent decades, mass-
marketed tax schemes have been the subject of great attention by the Taxation Office, Federal Parliament,
as well as
investors, advisors and promoters of such schemes. The papers lists the several reasons for such attention, which include the negative effect such schemes are having on the Australian tax base, the method of financing involved, as well as increasing costs for administering such schemes. Further, in terms of the individual investors in these schemes, unexpected exposure to interest and penalties on any resulting unpaid tax has also been under the spotlight.