Words & TermsPolitics and public life
bottom of the harbour
A tax-avoidance/evasion scheme involving stripping a company of assets and tax liabilities.
In a sentence
In this historical or contextual use, “bottom of the harbour” means a tax-avoidance/evasion scheme involving stripping a company of assets and tax liabilities.
Where it came from
The phrase is specifically associated with Australian corporate-tax scandals and legislation of the 1970s–80s.
- Initial era
- 1950–1999
- Where used
- Australian use; no narrower regional pattern established