Budget extends ATO spotlight on tax and super crimes

6 October 2020
| By Mike |
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The Government has announced funding for the Australian Taxation Office (ATO) to target serious and organised crime in the tax and superannuation systems.

The Budget papers revealed that the Government will provide $15.1 million to the ATO to pursue the measure, extending on funding provided in 2017-18 extending the program for another two years until 30 June, 2023.

“This measure is estimated to increase the underlying cash balance by $18.9 million including an increase in GST payments to the States and Territories of $3.8 million over the forward estimates period,” the Budget papers said.

“In fiscal balance terms this measure is estimated to have a gain to the budget of $136.8 million over the forward estimates period.”

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