Australian man charged over offshore tax avoidance
Updated
Australian federal police have charged a 56-year-old man for a multi-million dollar offshore tax avoidance scheme.
Police arrested the Queensland man yesterday after he arrived in Australia from Vanuatu.
The AFP alleges the man promoted an asset-stripping scheme designed to leave companies unable to pay their tax liabilities.
Police say the alleged fraud involved the promotion of tax avoidance through an intricate network of companies in Australia and Vanuatu.
