PoliticsFederalTax disputesPrint articleCalls for transparency after Keating’s $1m tax bill waiverEdmund TadrosProfessional services editorUpdated Jul 25, 2025 – 9.31am, first published at Jul 24, 2025 – 6.03pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginExperts have called for the Tax Office to overhaul its opaque process for waiving penalties, warning that new laws making penalties non-deductible will increase the incentive for taxpayers to privately petition the agency to cancel charges.The warning comes after it was revealed that tax authorities wrote off an almost $1 million tax penalty owed by former prime minister Paul Keating via one of his companies in 2015.Loading...clarification —This story has been updated to make it clear the ATO was not commenting on Keating’s tax affairs.Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Email Edmund at edmundtadros@afr.com.auSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreTax disputesATOPaul KeatingLatest In FederalFetching latest articlesMost Viewed In PoliticsThe Australian Financial Review MagazineThe 25 new watches you need to know nowLuke Benedictus and Bani McSpeddenWhat OpenAI’s Sam Altman suggests you do to keep your jobThis Australian watch reseller is making its move on London and NYCBOSS Financial ReviewHow a divorce at the age of 36 turbocharged this leader’s career26 mins agoSally Patten and Mandy CoolenThe 3 traits that stand out among this year’s BOSS Young ExecutivesHow this elite child gymnast leapt to the top of SportsbetLife & LeisureNothing is as good as the controls on these high-end headphonesJohn DavidsonThis New Zealand restaurant is getting global attentionWhy music festivals are the key to happinessRich ListRich Lister Walker family donate millions to Sydney cancer centreYolanda RedrupChina provides reality check for Forrest’s green iron dreamThree decades of PMs, fashion icons and the odd person headed for jail
