News in brief… 12 May 2025

Australia tax debt reaches record high, ATO to focus attention on big tax debt holders; Productivity Commission’s National Competition Policy analysis open for submissions; Business turnover charts seventh consecutive month of rise in March: ABS; OECD releases consolidated commentary on the Global Anti-Base Erosion Model Rules

Australia tax debt reaches record high, ATO to focus attention on big tax debt holders Commissioner of Taxation Rob Heferen has outlined the Australian Taxation Office’s (ATO) debt book and who is responsible for the total tax collectable debt value. In his address at the UNSW 16th ATAX International Conference on Tax Administration, Mr Heferen stated that the ATO's "broader debt book" – the tax debt that is owed to the Commonwealth Government – is currently $105.1 billion...

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Published Date: 12 May 2025