The Australian Tax Office is targeting hundreds more of the country's richest people as the man who replaced disgraced Michael Cranston takes a more personal approach to high-end tax avoidance.
Under the auspices of the Tax Avoidance Taskforce the team run by Will Day, the ATO's new deputy commissioner of private groups and high wealth individuals, has been conducting one-on-one interviews with representatives of the top 320 private groups, many of whom appear in the Financial Review Rich List.
It is an entirely different approach for the ATO, which has typically relied on audit and review activity to catch cheats.
ATO targets hundreds of Australia's richest people |
Chris Jordan has never
run from a fight. Having spent his childhood as the sixth of seven kids in
a two-bedroom house in the shadow of Sydney’s Kingsford Smith airport, he
learned to scrap for everything: from bedroom drawers to food
Chris Jordan on why the ATO is ‘designing for the
majority’.
"In Australia, there are many regulators (including the ATO historically), and government agencies that focus more on the people who do the wrong thing. They administer systems for the very last worst person – which imposes unnecessary burdens on those who want to do the right thing."
"In Australia, there are many regulators (including the ATO historically), and government agencies that focus more on the people who do the wrong thing. They administer systems for the very last worst person – which imposes unnecessary burdens on those who want to do the right thing."
ATO commissioner takes aim at tax agents who “lead taxpayers” to dodgy deductions
ATO
commissioner says tax
office will be targeting “unexplained wealth”...
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