Pages

Friday, September 27, 2024

Luxury cars among Plutus Payroll tax fraud spoils up for grabs - BEPS—Endgame

Fear is the cheapest room in the house. I would like to see you living in better conditions.”  

~ Hafiz 14th Century Sufi Mystic


Rosenzweig: BEPS—Endgame


IRS DIRECT FILE MAY BE DIRECT LINE TO HACKERS:

The Direct File Pilot Deployed Successfully; However, Security and Testing Improvements Are Needed


Luxury vehicles, race cars and high-end motorcycles confiscated from the instigators of the Plutus Payroll tax scandal will be auctioned online as the government seeks to claw back some of the $105 million lost to the fraud.

The auction of 30 cars, bikes, trucks and go-carts will be the first of several as the Australian Financial Security Authority (AFSA), which manages confiscated proceeds of crime, offloads the Plutus spoils.

Porsche Cayenne GTS, a Porsche 911 GT3 and two Wolf GB08 Tornado racing cars are among 30 vehicles confiscated from instigators of the fraud that will be auctioned off.

Luxury cars among Plutus Payroll tax fraud spoils up for grabs


AFSA has not identified regulatory capture as a risk in its risk management framework or Corporate Plan. (See paragraphs 2.3 to 2.17)

Management of Conflicts of Interest by the Australian Financial Security Authority


The Perth District Court has sentenced a woman in High Wycombe, Perth, Western Australia to three years’ imprisonment, with an 18-month non-parole period, for submitting fraudulent applications to obtain the early release of Australian superannuation benefits amounting to over $202,000.

“This outcome sends a clear message to the community that we do bring those who exploit the tax and super system to account, particularly those who encourage and then benefit from others committing offences,” said John Ford, SFCT chief and ATO deputy commissioner, in the media release.

The AFP’s investigation found that the woman allegedly:

  • created and submitted 30 false severe financial hardship claims from April 2019 to April 2020 for herself and for 24 others to access superannuation payments of $10,000 each

Three-year jail sentence imposed for exploiting hardship superannuation support


PwC reveals six staff sacked for data breaches as bad behaviour list unveiled


Along line of treasurers and prime ministers have flirted with negative gearing and capital gains tax reform.

Negative gearing: Why controversial $100 billion tax break change could impact every Aussie


Anthony Albanese.

Australia’s 10 most powerful people in 2024

There are three new faces on the Power list – plus some big swings in the ranking.


Shocker! Plutonium Found in Los Alamos at Levels Comparable to Chernobyl Spark Public Outrage ZME 


Raise Wages? No Need — McDonald’s Is Hiring Inmates Instead Jacobin. Paul R: “Ronald McDonald will be first against the wall when the revolution comes.”




Cybercrime detectives charged Jiahui Liu, 30, for allegedly using a SIM box to send between four and five million false messages.