New research has revealed Australia is filled with people who use trusts and other quirks to pick their tax rate as wage earners pay full freight.
The retiring head of the tax office,Chris Jordan,says the organisation needs more powers as criminals attempt to fleece taxpayers and steal their identities.
The Greens have also secured an amendment for “kicking the foxes out of the hen house” for transparency at the Tax Practitioner Board.
A $1 billion settlement with Rio Tinto underpinned the record windfall secured by the ATO’s tax avoidance taskforce.
The A-Leagues’ major shareholder owns its stake in Australian professional soccer via a series of offshore tax havens,including an infamous PO box in the Cayman Islands.
The tax office is seeking penalties and unpaid taxes of over $80 million,alleging the company set up a scheme to avoid paying tax on the sale of a Sydney hotel in 2015.
The criminal group paid the wages of construction workers in cash without any superannuation or income tax for projects across Sydney and Canberra.
The Albanese government has delayed legislation which will make it more difficult for multinationals to hide their tax avoidance. Now is not the time to give in to the tax dodgers.
The Mormon Church is significantly reducing its use of a controversial shell company after an investigation revealed it had engaged in alleged serious tax evasion in Australia.
The issue was uncovered in the 2021 Royal Commission into Crown Melbourne among voluminous documents that Crown disclosed for other purposes.
More inquiries will uncover further details,but we already know enough to make three broad conclusions about the broken system that is supposed to pursue tax avoidance.