03 Jun 11 The Tax Institute in the media
The Tax Institute was quoted in the Australian Financial Review on Tuesday 30 May 2011: “Builders in Tax Office’s sights” in relation to the Government’s Budget crackdown on contractors in the building and construction industry. In the article, The Tax Institute says that it’s a huge revenue measure that really points to the scale of non-compliance in the building and construction industry.
The Tax Institute was also quoted in the Australian Financial Review on Wednesday 1 June 2011: “Thousands of students gain automatic tax deduction” regarding the ATO's additional concessions flowing from the Anstis High Court case and the Government’s Budget decision to reverse the effects of the case from 1 July this year. In the article, The Tax Institute says that sometimes the High Court throws the Government a curve ball that threatens the revenue base.
The Sydney Morning Herald and the Age Money liftout quoted The Tax Institute on Wednesday 1 June 201: ‘It'll be hard to dodge the spotlight‘ regarding the ATO's increased risk filters as a result of the Change Program. In the article, The Tax Institute says that this year the Tax Office is using new risk filters and new computer-assisted ways to detect fraudulent tax claims. The ATO upgraded their computer systems early last year and one of the benefits from the Tax Office's point of view includes this new risk-reduction model. To view the article, click here.