The Australian Taxation Office (ATO) announced on its website that the Federal Court ordered a Queensland company to pay a $4.25 million penalty to the ATO for its promotion of tax exploitation schemes. Specifically, the company’s conduct involved encouraging clients to lodge overstated or ineligible claims for refundable Research & Development (R&D) tax offsets and, in the Court’s opinion, breached the promoter penalty laws in relation to 10 separate schemes.