The government also plans to raise $3.7 billion by targeting tax-dodging by individuals and businesses.
The crises in health care,aged care and schools boil down to one key problem:the government doesn’t collect enough taxes to properly fund them. We are closer to the US in tax take than we are to New Zealand,Canada,the UK,Germany and France.
Australia’s biggest iron ore miner,Rio Tinto,has agreed to one of the largest tax settlements in the country’s history.
Euro Pacific Bank has been suspended and some of its Australian customers have been fined for tax evasion following a long-running investigation.
The casino giant will face a fresh grilling this week over allegations of money laundering and criminal infiltration.
The Tax Office will use extra funding to target the shadow economy,people overestimating work-related tax deductions and investors hiding rental income.
The United Workers Union is accusing childhood education giants of ripping off employees and taxpayers by taking huge executive bonuses,paying staff too little and using offshore havens to minimise tax bills.
Public servants began hitting the phones again last week,with the ATO confirming that those with the largest debts would be first to get a call
Greens leader Adam Bandt says Australians are “being ripped off by multinational corporations”,outlining measures he says will block them from avoiding Australian company tax.
The ATO estimates nearly $34 billion worth of tax was not paid in the year before the pandemic hit,with small businesses responsible for the majority.
South Dakota is the home of Mount Rushmore and cattle and pigs outnumber the citizens by a factor of six. It is also a favourite place for the wealthy to store their assets.