Cash economy investigation reaps $2.7b from builders

Original article by Tom McIlroy
The Australian Financial Review – Page: 11 : 13-Feb-19

The Australian Taxation Office has used data matching technology to recover some $2.7bn worth of tax revenue associated with payments to contractors and subcontractors in the construction industry. The crackdown on the cash economy has targeted contractors who fail to declare all income or use false Australian Business Numbers to avoid tax liabilities. The crackdown has also targeted businesses such as cleaning and courier firms.

CORPORATES
AUSTRALIAN TAXATION OFFICE

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