We are a world leader in combating tax avoidance. The Tax Avoidance Taskforce bolsters our efforts to ensure the right amount of tax in Australia is paid by:
- multinational enterprises
- large public and private businesses
- associated individuals.
Through our justified trust program we assure the tax compliance of large corporate groups and privately owned and wealthy groups. Areas of concern identified through the program are escalated for further investigation by our compliance teams.
Justified trust builds and maintains community confidence that taxpayers are paying the right amount of tax. It also allows us to focus our resources in the right areas. As the corporate tax transparency population has some of our largest taxpayers, we invest significant resources to ensure they are paying the correct amount of tax.
Our population-wide approaches to preventing non-compliance explains how we monitor large corporations. It also explains the large number of resources applied to educating and preventing non-compliance.
To gain assurance they are paying the correct amount of tax, we engage with the top:
- 1,100 public and multinational businesses and superannuation funds
- 500 privately owned and wealthy groups.
Our Tax and Corporate Australia report, explains in more detail how we maintain assurance over large corporate taxpayers.
For more information, see Tax Avoidance Taskforce and Tax performance programs for privately owned and wealthy groups.
Our findings reports give insights into our compliance approach to the large corporate market:
- Top 100 income tax and GST program
- Top 500 income tax and GST program
- Top 1,000 income tax and GST program