Tax Avoidance Taskforce — meeting Budget commitments
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This audit would examine whether the Australian Taxation Office’s (ATO’s) Tax Avoidance Taskforce is meeting the revenue estimates and staffing requirements that were stated in the 2016–17 Budget.
The ATO will receive $679 million over four years through the 2016–17 Budget to establish a Tax Avoidance Taskforce. The aim of this funding is to enhance the ATO’s current compliance activities targeting large multinationals, private groups and high-wealth individuals, and to extend these activities to 30 June 2020. The taskforce is expected to recover $3.7 billion in tax liabilities over four years, and also to deter taxpayers from attempting to avoid and evade their tax obligations.
Work program portfolio
This potential performance audit is featured in 1 annual audit work program portfolio: