07 Oct 2021 ATO News
ATO statement regarding Pandora Papers
The ATO has issued a statement regarding the Pandora Papers leak of almost 12 million financial documents that expose the offshore structures of the rich and powerful.
The ATO stated that they are aware of the data released by the International Consortium of Investigative Journalists (ICIJ) and will be analysing the information to identify any possible Australian links.
ATO Deputy Commissioner and Serious Financial Crime Taskforce (SFCT) Chief, Will Day, said, ‘While the information in data leaks is interesting, we don’t rely on data leaks to do our job. We detect, investigate and deal with offshore tax evasion year-round.’
The ATO encourages those who may have undeclared offshore income to contact them.
Read the full statement here.