Staggering number of alleged crimes in massive tax scam – ABC News (Australian Broadcasting Corporation)

What is phoenixing? When a director strips cash and assets before hiding them and liquidating the company, then restarting Usually restarted under a different name, “like a phoenix from the flames” Done to deny creditors and ATO the money owed to them

Source: Staggering number of alleged crimes in massive tax scam – ABC News (Australian Broadcasting Corporation)