The scammer pretending to be the creator of Bitcoin started off this way: Australia had a refundable tax credit for Research and Development, you could tell them you spent $6 million on R&D and they'd cut you a check for that, even if you had no income. He claimed to have purchased a supercomputer (in panama...). He successfully collected the credit to the tune of millions of dollars, but in a subsequent year asked for something like $40 million, which finally triggered the tax office to act. The whole 'creator of Bitcoin' thing fell out of needing a source for the money supposedly spent on R&D.
(They ultimately didn't fall for it, but he seemed to have escaped criminal prosecution by fleeing the country. He's continuing his scams elsewhere, and sadly now he's started suing journalists and others as yet another component of them.)
In a related story, we (my sharehouse) pay $5000 a month for rent in hard cash, and our landlord declares $2500 a month to the ATO.
As a back of napkin calculation, between her >=2 rental properties, and due to negative gearing, she's declaring a $60,000 loss per annum on her rental properties. Combined with the 50% deduction for capital gains on property sales, I don't think she will pay a single cent for the income earned from her rental property investments.
The scammer pretending to be the creator of Bitcoin started off this way: Australia had a refundable tax credit for Research and Development, you could tell them you spent $6 million on R&D and they'd cut you a check for that, even if you had no income. He claimed to have purchased a supercomputer (in panama...). He successfully collected the credit to the tune of millions of dollars, but in a subsequent year asked for something like $40 million, which finally triggered the tax office to act. The whole 'creator of Bitcoin' thing fell out of needing a source for the money supposedly spent on R&D.
(They ultimately didn't fall for it, but he seemed to have escaped criminal prosecution by fleeing the country. He's continuing his scams elsewhere, and sadly now he's started suing journalists and others as yet another component of them.)