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The ATO advises that in the 2013-14 Federal Budget, the Government announced that it would provide $67.9 million over 4 years for the ATO to audit taxpayers who have been involved in tax avoidance or evasion using trusts. This measure is estimated to increase revenue by $379.0 million over the forward estimates period and, in underlying cash terms, increase receipts by $217.1 million.

For information about what the Trusts Taskforce will be looking at, go here


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