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11 May 06 Increased resourcing for the ATO's High Wealth Individuals Taskforce

In a press release issued on 9 May 2006, the Treasurer, Peter Costello, announced that the Government will provide the ATO with an additional $82 million over 4 years in resources to maintain tax compliance by high wealth individuals and their associated entities. This funding is expected to raise an additional $615 million of revenue over the next 4 years.

For a copy of the Treasurer's press release, No 2006/40, 9 May 2006, go here

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