The ATO approach to compliance in the cash economy
Published on 10 Mar 2009
| Took place at Education Development Centre, Hindmarsh
This event, part of the Bi-Monthly series, covered a tax update as well as the ATO's approach to compliance in the cash economy.
Since 2007 the ATO response to the cash economy has moved away from ‘industry based’ to a focus on behaviours. The current approach focuses on omitted cash income and recognises:
- drivers of cash economy risk are not industry specific
- the risk population is not uniform - a range of strategies are required to achieve an optimal level of compliance
- that influencing the perceptions and behaviours of both cash economy participants and the broader community is important.