The ATO has released its first annual report on Common Reporting Standard (CRS) statistics, which contains information on Australian financial accounts held by foreign tax residents as at 31 December 2018.
Read more at the Accountants Daily.
ATO data reveals tax avoidance red flags
One particular Caribbean island has one and a half times more Australian bank accounts held by tax residents than there are actual residents on the island, according to new ATO data that shines a light on foreign tax residents.
