The Australian tax office claims it has lost hundreds of millions of dollars, under mass tax evasion schemes allegedly run by professional advisers using  “phoenixing”. The art of liquidating a company and allowing the directors to rise from the ashes in a new entity, free of debts.

https://www.theguardian.com/australia-news/2020/sep/25/phoenixing-how-unscrupulous-dealers-rise-debt-free-from-the-ashes-of-failed-companies