• Recommendation 3.4

    The IGT recommends that the ATO share with taxpayers greater detail about how the ATO assesses particular risks, including details about how the effective tax rate is calculated.

    ATO response

    We agreed and this recommendation and implementation was completed on 26 November 2014.

    Internal procedures have been updated to guide staff when considering the difference between the effective tax rate (ETR) and the statutory rate. The Large business and tax compliance publication has been updated with an explanation of how we calculate ETR.

      Last modified: 02 Apr 2015QC 44737