Saturday, September 1, 2012
ATO data-matching programs The ATO has revealed details of two new data-matching programs aimed at identifying tax non-compliance. These will affect individual taxpayers. The ATO has advised that it will collect share transaction details from various organisations relating to securities held in ASX-listed entities. The details will be electronically matched with ATO data holdings. Areas […]
Read More >Wednesday, September 7, 2011
Tax Office announces compliance focus areas The Commissioner of Taxation has released the Australian Taxation Office’s compliance program for the 2011–12 financial year. Under the program, the Australian Taxation Office (ATO) plans to enhance its tax fraud detection and management strategies, concentrate on sham contracting arrangements and continue its extensive data matching and risk profiling […]
Read More >Monday, March 7, 2011
Temporary Flood Levy Proposed The Prime Minister, Julia Gillard, has proposed a temporary flood levy for individual taxpayers to help raise revenue to fund the reconstruction cost for areas of Queensland and elsewhere which were affected by severe flood damage earlier this year. The flood levy is proposed to apply for one financial year from […]
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