Sunday, March 30, 2014

"Good can imagine Evil - Evil cannot imagine Good

"Good can imagine Evil, but Evil cannot imagine Good."
W.H. Auden, A Certain World

The ATO's offshore voluntary disclosure initiative, 'Project DO IT: disclose offshore income today', provides a last chance opportunity for those who haven't declared their overseas assets and income to come back into the system before December 2014.

"Now is the time for individuals with offshore income to get their affairs in order and avoid steep penalties and the risk of criminal prosecution for tax avoidance," said commissioner of taxation Chris Jordan. Disclosure

What tax evasion looks like