Published: December 17, 2019
Five years of insurance data on rich Australians will help in hunt for unexplained ‘lifestyle assets’
The Australian Tax Office has demanded five years of insurance data to hunt for unexplained yachts, luxury cars, private jets, racehorses and art as part of a crackdown on wealthy tax dodgers.
But rich Australians who failed to declare “lifestyle assets” would not face robodebts similar to those levied on hundreds of thousands of Centrelink recipients, the ATO said.
Continue reading...from The Guardian https://ift.tt/2EtwmxR
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