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Tax Office insurance data haul to capture ‘ordinary’ taxpayers

The ATO’s pursuit of policy details from insurers is a “tried and tested way” of catching wealthy tax cheats, but its wide net could mean ordinary taxpayers get caught too, warns an accounting network.

Tax Office insurance data haul to capture ‘ordinary’ taxpayers
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  • Shared by Accountants Daily
  • December 27, 2019
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Last week, the Tax Office announced it would request to receive a further five years’ worth of policy information from over 30 insurance companies about taxpayers who own marine vessels, thoroughbred horses, fine art, high-value motor vehicles and aircraft.

Read more at Accountancy Daily.

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