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Audits reap nearly $8b for the Tax Office

Tom McIlroy

Wealthy Australians and small-business operators claiming dodgy tax deductions have handed over nearly $8 billion in extra payments to the Australian Tax Office after being audited.

New ATO figures show almost 1.3 million so-called “client engagement activities” – including sometimes painful tax audits and actions to stop incorrect claims – added $7.7 billion to federal government coffers last financial year.

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Tom McIlroy was the Financial Review’s Canberra bureau chief.

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    Original URL: https://www.afr.com/politics/federal/audits-reap-nearly-8b-for-the-tax-office-20231025-p5ef15