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Tax Office audits reap extra $14 billion in revenue

Tom McIlroy
Tom McIlroyCanberra Bureau Chief

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Nearly $14 billion has been added to federal government coffers through tax audits and other compliance activities by the Australian Taxation Office, including about $1.6 billion in voluntary disclosures.

The latest figures published by the Tax Office show detailed audits of individuals and companies and other enforcement activities raised $13.7 billion in additional revenue last financial year.

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Tom McIlroy is the Financial Review’s Canberra Bureau Chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p566r7