Regulation

$5.2m in illicit tobacco destroyed following ATO investigation

A community tip-off to the ATO led to the seizure of more than 2,700kg of illicit tobacco in Victoria.

26 March 2024 • By Miranda Brownlee

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Super

ATO’s SG activities expose ‘clearing house debacle’, says IPA

A ramp up in SG compliance activities has unearthed underlying issues concerning clearing house delays and draconian...

22 March 2024 • By Miranda Brownlee

Business

PwC global chair tells senators he won't share tax scandal report

In correspondence with Australian senators, PwC’s global chair has doubled down on the global organisation’s decision...

22 March 2024 • By Miranda Brownlee

Tax

Bowerman decision highlights flaws with ATO approach to losses

The AAT decision demonstrates the reluctance of the ATO to allow tax deductions where profit-making activities lead to...

21 March 2024 • By Miranda Brownlee

Tax

DPNs surge to over 18k as ATO ramps up activity

The ATO is adopting a range of targeted strategies as it clamps down on the growth in collectable debt.

20 March 2024 • By Miranda Brownlee

Business

ATO admits to fast-tracking client linking over fraud concerns

The Tax Office says it rejected three alternative proposals and proceeded with the current process without industry...

20 March 2024 • By Christine Chen

Tax

ATO’s client-agent linking a threat to system integrity: IGTO

Tax ombudsman Karen Payne has criticised the byzantine design and implementation of the process, throwing her support...

18 March 2024 • By Christine Chen

Tax

AAT rules against ATO’s ‘incorrect’ $1.4m fine on Perth taxpayer

The tribunal has ruled in a taxpayer’s favour after finding the Commissioner failed to show enough evidence to justify...

15 March 2024 • By Christine Chen

Tax

Full Federal Court rejects ATO’s anti-avoidance ruling

In a landmark taxpayer win, the Full Federal Court unanimously held that schemes targeted by the ATO did not trigger...

14 March 2024 • By Miranda Brownlee

Tax

Former ATO employee jailed for accepting bribes

A former Tax Office employee has been sentenced after accepting bribes for reducing millions of dollars in tax debts.

13 March 2024 • By Miranda Brownlee

Business

Blame game erupts over ATO’s client-agent linking

Widespread confusion caused by the process shows something has gone wrong, but tax agents, professional bodies and the...

13 March 2024 • By Christine Chen

Business

Client-agent linking threatening ‘viability of practices’, CA ANZ tells ATO

Complex processes, technical glitches, and insufficient ATO support with client-agent linking are having a direct...

12 March 2024 • By Miranda Brownlee

Business

Tax Office targeting DPNs at directors with high-value assets

The ATO is increasingly using data-matching tools to identify which directors have the assets to meet director penalty...

11 March 2024 • By Miranda Brownlee

Business

ATO’s adviser strategy zeroes in on late-paying partners

Private, wealthy professional advisers are less compliant than the ATO had expected and are therefore being targeted...

11 March 2024 • By Miranda Brownlee

Regulation

Liquidator who stole $150k banned, avoids jail via corrections order

Ronald Cardwell dishonestly used his position to withdraw funds on 12 occasions from the account of a company in...

11 March 2024 • By Christine Chen

Regulation

Don’t get distracted by PwC’s reforms, senator warns

PwC’s recent governance restructuring announcement should not detract from their ‘ongoing obfuscation’, Senator...

11 March 2024 • By Christine Chen

Business

ATO pays businesses $150 to vent on client-agent linking

The Tax Office plans to hold a series of paid consults with taxpayers who have recently been through the revised...

11 March 2024 • By Christine Chen

Tax

ATO welcomes SGSP Australia Assets settlement as win for taskforce

The settlement resolves a dispute relating to SGSPA Australia’s $800 million convertible instruments.

11 March 2024 • By Miranda Brownlee