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The Latest Breaking News from ATO

Fewer than 120,000 people inhabit Kiribati yet they apparently hold $682m in Australian banks

Fewer than 120,000 people inhabit Kiribati and the median household income is about $12,000. Yet data released by the Australian Taxation Office reveals $682 million in Australian bank accounts belong to foreign tax residents from the tiny Pacific nation.

ABC News

Raiding retirement: How a million Australians emptied their super fund during COVID-19

Around $38 billion was withdrawn from super funds as emergency payments and about a million people cleaned out their entire retirement savings.

The New Daily

Accountant's 'misguided' loyalty to client

A senior tax accountant has been sentenced to a two-year intensive corrections order for lying to the Australian Taxation Office about a client.

AAP

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ATO reveals nation's highest earning areas

Australia's highest earning area has been revealed as the Perth postcode that takes in Cottesloe and Peppermint Grove, according to new tax data.

AAP

Tax office whistleblowing saga points to reforms needed in three vital areas

Last Friday’s twist in the long prosecution of Australian Taxation Office whistleblower Richard Boyle – now headed for its fifth year – brings into relief the serious flaws in our nation’s whistleblowing laws.

The Conversation

Jobs on offer at ATO for Canberra school leavers

Want a starting salary of almost $51,000 plus super?

The Canberra Times

The 60 millionaires who paid no tax and the richest and poorest postcodes revealed

Sixty people earned more than $1 million but paid no tax in 2019-20, and the country's lowest incomes have been recorded in regional NSW, according to the ATO's latest taxation statistics.

ABC News

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Michael Pascoe: The professional classes make billion-dollar tax rorts possible

An army of very highly paid lawyers and accountants are beavering away at ripping off the Commonwealth, writes Michael Pascoe.

The New Daily

‘Dangerous’: ATO hands out $5.7 billion in tax refunds in July as inflation soars

The federal government has paid out $5.7 billion in tax refunds to households in July amid warnings the stimulus will worsen soaring inflation.

The New Daily

‘Fleecing the public’: Labor puts corporate giants on notice as Rio Tinto coughs up $1 billion in tax

Corporate giants failing to pay their fair share of tax have been put on notice as Labor prepares to introduce a crackdown on multinational tax dodgers.

The New Daily

Rio Tinto agrees to pay additional $613m to settle dispute with Australian tax office

Deal over mining giant’s financing arrangements and marketing hubs in Singapore is one of ATO’s biggest ever tax settlements

The Guardian - AU

Taxable income: Does having more than one job mean I pay more tax?

The Australian Tax Office (ATO) doesn’t care how many different sources of income you have, it just need to know how much your total taxable income is.

The New Daily

Police, tax office nab GST fraudsters

The tax office says thousands of people are suspected of being involved in a major GST fraud and warned Australians to be wary of people seeking myGov details.

AAP

Attorney-General rejects calls to drop prosecution of ATO whistleblower Richard Boyle ahead of trial

Attorney-General Mark Dreyfus has ruled out dropping charges against former ATO public-servant-turned-whistleblower Richard Boyle, who is set to face trial later this month.

ABC News

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ABC News

Josh's tax file number was stolen. Now his personal data is at risk — and his money

Now that tax time has rolled around, people are being warned to keep their tax file numbers secured.

The New Daily

The major changes that will affect your future tax returns

If you've worked from home during the pandemic, you are likely to have used a shortcut method of claiming home office expenses that ended on June 30.

ABC News

Bitcoin helped Joe secure his fortune but he would no longer recommend it as investors risk financial ruin

Joe Bridge has bought two motorbikes, two boats and his first house with the $1 million-plus he made on bitcoin, but he doesn't recommend trying to replicate his success.

The New Daily

‘Take your time’: ATO urges Australians to delay filing tax returns

Millions of Australians are expected to rush in and file their 2021-22 tax returns over the next month, with bumper refunds on the table this year.

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The Guardian - AU

Tax return Australia: what expenses can I claim if I’ve returned to the office for work?

So you’re leaving the house for work again, either some or all of the week: here’s what to do and what you can claim

Pedestrian.tv

Petrol, Netflix And RATs: Here’s All The WFH Expenses The ATO Is Cracking Down On This Tax Szn

Tax savvy girlies beware

The Guardian - AU

Tax return 2022: what expenses can I claim if I’m working from home?

From electricity and internet bills to printing paper and ink, here’s what the ATO says you can and can’t claim for your home office

The New Daily

Preparing your tax return? Here are the COVID-19 tax deductions you may not have heard about

The clock is ticking towards the end of the financial year, which means it's time to start preparing your tax return. Here are some COVID-era deductions.

ABC News

The Loop: Concerns over Boeing's 737 MAX, bleak data on Australia's gender pay gap, and what the ATO is cracking down on at tax time

Get up to speed on today's headlines with The Loop.

ABC News

Trying to recoup the higher cost of living via your 2022 tax return? 'Not on', ATO warns taxpayers

Australians not declaring crypto investments and over-claiming work-related expenses to help with the rising cost of living could come under ATO fire.

The Guardian - AU

Australian Taxation Office crackdown on family trust rorts causes alarm among tax advisers

ATO gives example of child being given $180,000 then repaying it to parents for cost of bringing them up as going against community expectations

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