Australia talks tough on compliance.

Australasian Business Intelligence, September, 2003

Sep 23, 2003 (International Tax Review - ABIX via COMTEX)

The Australian Taxation Office (ATO) is turning up the heat on corporate taxpayers. Companies are encouraged to ensure taxation compliance. The "Cooperative Compliance Model" stresses ATO policy and to comply with Australian tax laws. Tax audits are conducted where there has been the discovery of non-compliance. According to Larry Magid, a tax partner at Allens Arthur Robinson in Sydney, the corporate compliance model helps inspire voluntary compliance. As large firms have faced scrutiny from the ATO in the past, their compliance procedures are in place.

Publication Date: September 2003

AUSTRALIAN TAXATION OFFICE: 

ALLENS ARTHUR ROBINSON GROUP PTY LTD

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