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E-commerce crackdown raises $1bn

The ATO’s focus on the e-commerce and digital economy industry has resulted in over $1 billion in cash collections and a future $580 million over the next four years as it flexes its muscle on tax avoidance.

E-commerce crackdown raises $1bn
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E-commerce crackdown raises $1bn

The ATO has recently finalised a large program of work focusing on the e-commerce and digital economy industry, with the Tax Avoidance Taskforce collecting over $1 billion in cash collections; ensuring future revenue effects of more than $580 million over the next four years; and completing many complex audits on industry leading e-commerce multinational enterprises (MNEs).

Read more at the Accountants Daily.

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