ATO

ATO releases corporate tax transparency report: proportion of companies not paying tax drops

The biggest contributor to the $7.5 billion rebound in company tax collections from 2015-16 was the mining, energy and water sector, which contributed more than 75 percent of the additional tax.

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Pre-filled tax returns? Could it work in Australia?

A parliamentary committee has recommended that the Commonwealth Government should undertake a review before 2022 for the purpose of identifying how Australia’s tax system can be simplified.

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Time for the tax man to look across the Tasman?

Yesterday the Australian Taxation Office (ATO) released information about the personal income tax gap for the first time. The tax gap is the difference between the amount the ATO believes…

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Super Guarantee Reforms don’t quite close the GAP

The latest ATO figures show and estimated $2.85 billion did not make its way to employees’ super accounts. How can this happen?

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Work-related deductions – time to get fair dinkum?

The average expenses claim for work related expenses is $2,500. But would the conduct of some of these individual taxpayers pass the “pub test”.

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Christmas in July – Beware the Grinch

The ATO has reported that this time of year and the months that follow, often sees a spike in a range of scams aimed at tricking people into providing sensitive information or paying non-existent fees that can see them out of pocket for thousands of dollars.

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Company directors in spotlight as ATO tests for ‘justified trust’

Justified trust is the current buzz phrase in tax and represents the ATO’s effort to reinstate public trust in the corporate tax system

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You can’t tax what you can’t see

The focus of the Senate Inquiry’s Interim Report into Corporate Tax Avoidance, published last week, was very much on transparency. Its key recommendations included making the new voluntary tax transparency…

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‘Simple indirect tax’ days long gone as ATO focuses on business systems

There was a time when VAT/GST was regarded as the ‘simple tax’. Those days are long gone. Many indirect tax regimes are becoming increasingly sophisticated – with the result that,…

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In the ATO spotlight

There is no question large business is under close scrutiny by the ATO as G20 Summit fever kicks in as politicians from around the globe place a heightened importance on…

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