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Commissioner on global cooperation in tax administration

According to the Tax Commissioner, the global financial crisis saw an unprecedented level of global, cooperative action to address common tax risks. The May 2009 Bureau meeting of the Organisation for...

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ATO Compliance Focus for 2010-11: Tax agents

There are about 26,000 registered tax agents who lodge around 73% of income tax returns for individuals and more than 95% of business tax returns. The ATO says that this year, it will place particular...

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ATO Compliance Focus for 2010-11: Micro businesses (turnover under $2m)

The cash economy continues to be a major ATO focus here and it plans to review and audit more than 26,000 micro businesses. Concerns include the use of cash transactions to hide income and evade tax...

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ATO Compliance Focus for 2010-11: Small to medium enterprises (turnover...

ATO focus areas in the SME sector for 2010-11 include: a continuing focus on private groups and the tax compliance of the individuals controlling those groups and the entities within them. The ATO says...

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ATO Compliance Focus for 2010-11: Large businesses (turnover above $250m)

The ATO considers that the value, volume and complexity of transactions undertaken by large businesses “pose inherent risks for tax compliance”. Even if the likelihood of potential non-compliance is...

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Online selling: ATO data-matches with eBay and Trading Post

Under a new data-matching program (details of which were gazetted on 28 July 2010 in Commonwealth Gazette No GN29), the ATO says it has obtained data from eBay Australia and Trading Post Australia to...

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