ATO Financial News

14.11 / 08:19

Coca-Cola Fighting country social ATO Coca-Cola fights ATO over $170m in offshore tax

Beverages giant The Coca-Cola Company is fighting more than $170 million in taxes imposed by the Australian Tax Office, which alleges profits were diverted offshore via favourable deals with its local affiliate for branding, trademarks and formulas.

02.11 / 06:57

FIVE Action Align PwC information reports prevention ATO Senators Senators slam EY deal with ATO as too lenient

Two senators spearheading the heavy scrutiny of the consulting sector have blasted the Tax Office’s deal with EY over a former tax partner’s alleged tax exploitation schemes, saying it was a “paltry censure” that let the firm off the hook.

14.08 / 22:55

Aware Platform Fallout TikTok track cover social ATO ATO secrecy review expanded to cover TikTok fraud

A Treasury review into secrecy laws that bind the Tax Office will consider the fallout from a $1.6 billion tax fraud scheme executed via TikTok, as federal Labor promises enhanced rules to protect taxpayers.

10.08 / 07:59

UPS Chase ANZ show ATO Aggressive ATO debt chase driving insolvency bump: CBA

The Australian Taxation Office is driving a bump in insolvencies and corporate stress as it chases $30 billion in debt from small and medium businesses, Commonwealth Bank executive Michael Vacy-Lyle says.

07.08 / 09:29

UPS Provident FIVE PwC ATO Move to break ATO ‘culture of secrecy’ welcomed

Former ATO deputy commissioner Mark Konza has welcomed moves to relax the secrecy provisions that helped keep the PwC tax scandal hidden for five years.

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