[danieltillett]

There is nothing foolish about incorporating in Australia given we have franking credits so that taxes paid by the company are passed down to the individual.

While I have no great love of the ATO, it is a million times better than the IRS.

Of course you can appeal a tax ruling in Australia. If you have done something that is an open-and-shut case of tax avoidance then this might not help much.

[marcus_holmes]

During my MBA one of our lecturers was a tax lawyer, and the stories he told of the ATO utterly shafting people were horrendous. I might be biased because of this ;)