Original article by Joanna Mather
The Australian Financial Review – Page: 1 & 6 : 11-Dec-17
The Australian Taxation Office is taking a new approach when it comes to ensuring that the nation’s richest people are not avoiding their tax obligations. Whereas the ATO’s previous policy in this area was to rely on tax reviews and audits, its new strategy involves personal interviews with Australia’s richest people. The ATO’s current focus, which is led by Will Day, is on Australia’s top 320 private groups. Those within this group have either $A500 million or more in assets or at least $A350 million in turnover.
AUSTRALIAN TAXATION OFFICE, AUSTRALIAN NATIONAL AUDIT OFFICE