The great WFF rip-off

Vernon Small at the Dom Post writes:

More than 9700 families receiving Working for Families credits own rental properties and are using losses on them to boost the amount they get from the taxpayer.

Other recipients of the scheme, introduced to help struggling families, are using trading companies, sheltered within trusts, to pocket tax credits even though they are earning well over $70,000, a high-powered review of the tax system has found.

Ipods for everyone!