ATO uses additional resources to widen ‘review’ from largest 320 groups to largest 500 & ‘tax assurance resources’ to groups with wealth exceeding $5m or revenue over $10m

On Monday 2 December 2019, the Australian Financial Review published an article by its Political reporter: Tom McIlroy, headed: Rich listers targeted by ATO in cash push – relating to the ATO applying recently increased resources to widen its ‘review’ of the largest 320 private groups to the top 500 – amongst other things. See the related Tax Technical article from last month about the ‘Private Groups Stewardship Group’.

See below, for the article.

[Tax Month – December 2019]