Tax Commissioner Chris Jordan addressed the ATAX 11th International Tax Administration Conference in Sydney on Monday. At the tail-end of his address, he touched on International “secrecy haven” issues.
He says the data revolution “…is one reason why secrecy havens are failing”. Referring to Australia’s “…network of over 100 treaties and agreements”, he said that access to account data from domestic and international banks had enabled the ATO to initiate over 3,000 enquiries over the past six months.
Already completed enquiries and investigations into undeclared offshore income and assets meant that “…the Australian Federal Police and Australian Crimes Commission have Read more