2009

The ATO approach to compliance in the cash economy

Source: South Australia

Published Date: 10 Mar 2009

 

This event, part of the Bi-Monthly series, covered a tax update as well as the ATO's approach to compliance in the cash economy. Since 2007 the ATO response to the cash economy has moved away from "industry based' to a focus on behaviours. The current approach focuses on omitted cash income and recognises:

  • drivers of cash economy risk are not industry specific
  • the risk population is not uniform - a range of strategies are required to achieve an optimal level of compliance
  • that influencing the perceptions and behaviours of both cash economy participants and the broader community is important.

March Tax Update

Author(s): Edward Lo
Materials from this session:

Small business and cash economy: Our approach in a changing environment

Author(s): Rod Ettridge

Details

  • Published On:10 Mar 2009
  • Took place at:Education Development Centre, Hindmarsh

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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