0404 551 821

Scam Alert - Aggressive Tax Planning Scheme

2-min Read 1 Report

Suspicious

This number has received 1 report. 100% of users categorise it as Suspicious, with an average rating of 3.0 out of 5. Most recent report: 22 August 2017.

Suspicious Mobile Vodafone Australia Pty Limited

Ratings

3.0
1 report
5
0%
4
0%
3
100%
2
0%
1
0%
  • Suspicious

Beware of calls from 0404 551 821, as reports categorise this number as part of a scam involving aggressive tax planning. Learn how to protect yourself and handle such calls.

Understanding the Risks of 0404 551 821

Recently, users have reported receiving calls from the number 0404 551 821, labelling it as a part of an aggressive tax planning scam. Such reports give rise to serious concerns regarding the integrity and intentions behind the calls from this number.

What is Aggressive Tax Planning?

Aggressive tax planning refers to strategies that can exceed the intent of tax law, often by exploiting loopholes or using misleading information to lure individuals into poor financial decisions. The callers from 0404 551 821 / 0404551821 are allegedly promoting these schemes, specifically mentioning offers to assist with 'favourable ATO tax rulings'. However, such assurances are frequently a red flag denoting potential fraud rather than genuine opportunities for savings.

Common Tactics of the Scam

  • Too Good To Be True Offers: Promising significant savings on taxes that seem overly optimistic, which can be indicative of a scam.
  • Pressure Tactics: Scammers may encourage immediate commitment or threaten to withhold 'valuable' information.
  • Complex Jargon: Using technical language related to tax rulings that can confuse the average person.

How to Handle Calls from 0404 551 821

If you receive a call from this number:

  • Do Not Engage: Avoid providing personal or financial information.
  • Hang Up: Terminate the call if the conversation raises any suspicions.
  • Report the Call: Consider lodging a report with the relevant authorities or using platforms like Reverseau to check reviews on suspicious numbers.

Conclusion

Given the evidence presented by users who have received calls from 0404 551 821, it's clear that this number is associated with a scam related to aggressive tax planning schemes. Awareness and vigilance are crucial in protecting yourself from becoming a victim of such scams. For a safer phone experience, utilise services like Reverse Phone Lookup Australia to identify untrustworthy numbers and ensure you know who called you in Australia.

AI-assisted analysis based on community reports and public data. Learn more

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What Our Users Reviewed

J
Jacobs
Suspicious

Received call from 0404 551 821 in which they offered to help me take advantage of the "favourable ATO tax ruling" to make significant savings. I believe this call falls under what the ATO describe as 'aggressive tax planning' which is polite way of saying they will exploit you and get you to sign up for a bad real estate deal with the idea of making savings through negative gearing. This has been discussed at length on a Whirlpool thread at the address below.

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