index australian tax office
[Link] Australian cryptocurrency investors can’t be trusted to keep transaction records themselves, the ATO says
Read: 24/11/2021 www.businessinsider.com.au
As first-time investors continue their rush on cryptocurrencies, the Australian Taxation Office (ATO) says it can no longer rely on taxpayers to navigate the complex world of income tax, capital gains, and blockchain record keeping on their own.
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[Link] Australian taxpayers funding $59m in government ads in run-up to 2022 election
Read: 15/11/2021 www.theguardian.com
Taxpayers are paying at least $59m for major government advertising campaigns to run in the lead-up to the 2022 election.
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[Link] Morrison considering tax cut extension that could deliver $1000 extra to millions
Read: 15/11/2021 www.9news.com.au
Millions of Australians could be $1000 better off as the Morrison Government considers extending tax cuts. The Low and Middle Income Tax Offset provides a maximum benefit of $1080 to those who earn between $48,001 and $90,000.
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[Link] Adelaide father-of-three Joshua Luke Matheson handed five-year jail term over $500k tax fraud
Read: 7/11/2021 www.abc.net.au
An Adelaide man who made up employers and income to defraud the Australian Tax Office out of half a million dollars has been jailed for five years. Joshua Luke Matheson, 34, was found guilty by a jury of dishonestly obtaining and attempting to dishonestly obtain a financial advantage by deception.
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[Link] Services Australia defends use of Excel in rectifying robo-debt errors
Read: 2/9/2021 www.zdnet.com
The remarks were made on Friday during a hearing held by the Community Affairs References Committee as part of its ongoing probe of Centrelink's compliance program.
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[Link] ATO matches insurance info on luxury goods with declared incomes to catch out tax cheats
Read: 30/7/2021 www.abc.net.au
About 300,000 Australians who may have made purchases of luxury cars, private jets, yachts, thoroughbred horses and artwork are being warned by the Australian Taxation Office (ATO) to declare all their income or they could face a review or audit.
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