Government floats loosening ATO secrecy on money-laundering, takeovers
The Tax Office will be able to share previously secret taxpayer information with regulators, professional disciplinary bodies and government agencies, under new Treasury proposals.
The wide-ranging reform plans were made in a Treasury review of the secrecy provisions governing the ATO and the Tax Practitioners Board, which regulates registered tax agents, commissioned as part of the government’s response to the PwC tax leaks scandal.
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