Ensuring fairness for the community

We encourage voluntary compliance and a level playing field by complementing our range of assistance products and services with a balance of early detection and deterrence activities, including audits and reviews, investigations and prosecutions.

  • Prevented $189.5 million of income tax revenue from being paid out where claims were incorrect or fraudulent
  • Used third-party data matching to ensure correct reporting in following years – resulting in additional revenue of $939.3 million
  • As a result of our compliance actions, we raised over $9.3 billion in tax liabilities and over $2.8 billion in penalties and interest liabilities and collected $7.9 billion in cash, some of which related to liabilities raised in prior years
Looking ahead
  • Increase focus on reasonable and fair compliance outcomes
  • Improve tax file number integrity to help safeguard against potential identity theft
  • Establish a trust task force to deal with those who seek to misuse trusts to avoid paying their fair share of tax
  • Work across jurisdictions to deal with profit-shifting and to ensure international companies pay the right amount of tax in the appropriate country
Last modified: 08 Oct 2014QC 42690