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High wealth tax gap data an international first

Keith Swan & Kristie Schubert discuss the announcement that Australia will be the first jurisdiction internationally to commence publishing tax gap data for high wealth private groups.

The publication of tax gap data by the ATO is one of a suite of measures adopted in recent years by the ATO to increase tax transparency and public confidence. The income tax gap is an estimate of the difference between the total amount of income tax collected and the amount the ATO estimates should have been collected if every one of the taxpayers within the identified group complied fully with the law. By publishing the data, the ATO has stated that it is seeking to build community confiden...

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Authors: Keith Swan, Kristie Schubert

Published Date: 16 March 2020

 

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