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Report finds 25pc of Tax Office penalties reversed

The federal government will consider compensating taxpayers unfairly fined by the Tax Office after a report found 25 per cent of the $4 billion in penalties it issued over three years were reversed.

The federal government will consider compensating taxpayers unfairly fined by the Tax Office after a report found 25 per cent of penalties over three years were reversed.

Finance Minister Mathias Cormann , who released the Inspector-General of Taxation’s review into Tax Office penalties, said the government would examine whether the system needed to be changed.

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    Original URL: https://www.afr.com/news/policy/tax/report-finds-25pc-of-tax-office-penalties-reversed-20140708-jgohv