Original article by Fleur Anderson
The Australian Financial Review – Page: 6 : 3-Nov-15
The Australian Taxation Office (ATO) collected $A336.8 billion in net tax in 2014-15. This figure is $A15.2 billion or 4.7 per cent higher than tax collected in 2013-14 but still $A9.4 billion, or 2.7 per cent, smaller than the amount expected on budget night in 2014. The ATO explained in its 2015 annual report that tax collections were negatively affected by lower growth in profits and wages.
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AUSTRALIAN TAXATION OFFICE