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Cerberus1

ATO plans to investigate past and present visa holders

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    AAEAAQAAAAAAAAsSAAAAJDY4ZmQyMzUxLTk1ZGQtNDRlYy05YzI2LTI4ZmI5N2E1OGQwMw.jpgThe Courier Mail is reporting that the Australian Tax Office (ATO) will be analyzing the records of up to twenty million migrants (past and present) to ensure they are not ripping off Australians and are paying their fare share of tax.

    The financial and personal details of visa holders who have come and gone from Australia will be audited over the next three years to enforce income tax and superannuation requirements.

    The massive blowtorch, which includes migration agents who help get migrants to Australia, also aims to identify potential fraudsters rorting foreign investment rules.

    While the ATO has put migrants in the crosshairs previously, it has not been at this mammoth scale.

    It comes as the ATO is launching a targeted and well-resourced crackdown on the black economy, which benefits some workers but duds Australia of revenue.

    The latest information sweep is extensive and will include the address history visa applicants and their sponsors; all their arrivals and departures in Australia and details of their education provider if they are on a student visa.

    A spokeswoman for Revenue Minister Kelly O’Dwyer said the operation could recoup cash for the taxpayer and ensure eligible migrants receives their superannuation before they left the country.

    “The ATO has a responsibility to protect the public revenue and to maintain community confidence in the integrity of the tax system,’’ she said.

    “The data-matching program does this by detecting, dealing with and deterring those that are not meeting their obligations.

    “It also enables enforcement activity and recovery of taxation revenue – without undertaking this data matching program and subsequent compliance activity there are no assurances that a wider risk to revenue does not exist.

    “The data also supports the ATO to administer aspects of Australia’s foreign investment laws and reunite seasonal workers with their superannuation entitlements under the Labour Mobility Assistance Program.”

    The ATO said, “It is estimated that records of 20 million individuals will be obtained over the course of the three year period.

    “These records will be electronically matched with ATO data holdings to identify noncompliance with obligations under taxation and superannuation laws.

    “The objectives of this data matching program are to maintain currency of our knowledge of taxation and superannuation risks within the visa holders, visa sponsors and migration agents populations (and) test the accuracy and strengths of our existing risk detection models ... and identify areas for improvement in our models, treatment systems and practices.”

    Source: https://aumigforu.ms/2D1sKkm

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    13 hours ago, Cerberus1 said:

    AAEAAQAAAAAAAAsSAAAAJDY4ZmQyMzUxLTk1ZGQtNDRlYy05YzI2LTI4ZmI5N2E1OGQwMw.jpgThe Courier Mail is reporting that the Australian Tax Office (ATO) will be analyzing the records of up to twenty million migrants (past and present) to ensure they are not ripping off Australians and are paying their fare share of tax.

    The financial and personal details of visa holders who have come and gone from Australia will be audited over the next three years to enforce income tax and superannuation requirements.

    The massive blowtorch, which includes migration agents who help get migrants to Australia, also aims to identify potential fraudsters rorting foreign investment rules.

    While the ATO has put migrants in the crosshairs previously, it has not been at this mammoth scale.

    It comes as the ATO is launching a targeted and well-resourced crackdown on the black economy, which benefits some workers but duds Australia of revenue.

    The latest information sweep is extensive and will include the address history visa applicants and their sponsors; all their arrivals and departures in Australia and details of their education provider if they are on a student visa.

    A spokeswoman for Revenue Minister Kelly O’Dwyer said the operation could recoup cash for the taxpayer and ensure eligible migrants receives their superannuation before they left the country.

    “The ATO has a responsibility to protect the public revenue and to maintain community confidence in the integrity of the tax system,’’ she said.

    “The data-matching program does this by detecting, dealing with and deterring those that are not meeting their obligations.

    “It also enables enforcement activity and recovery of taxation revenue – without undertaking this data matching program and subsequent compliance activity there are no assurances that a wider risk to revenue does not exist.

    “The data also supports the ATO to administer aspects of Australia’s foreign investment laws and reunite seasonal workers with their superannuation entitlements under the Labour Mobility Assistance Program.”

    The ATO said, “It is estimated that records of 20 million individuals will be obtained over the course of the three year period.

    “These records will be electronically matched with ATO data holdings to identify noncompliance with obligations under taxation and superannuation laws.

    “The objectives of this data matching program are to maintain currency of our knowledge of taxation and superannuation risks within the visa holders, visa sponsors and migration agents populations (and) test the accuracy and strengths of our existing risk detection models ... and identify areas for improvement in our models, treatment systems and practices.”

    Source: https://aumigforu.ms/2D1sKkm

    Good Step, 

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