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The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MORECorporate tax gap climbs to $2.63bn
ATO’s latest annual report revealed a tax gap of $2.63 billion or 4.3 per cent for large corporate groups during the 2018-19 financial year.
The tax gap, which is an estimate of the difference between the actual tax collected by the ATO and the amount that would have been collected if taxpayers were fully compliant with tax laws, was $33.51 billion or 7.3 per cent for all federal taxes during 2018-19.
Read more at Investor Daily
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