ATO reveals biggest tax avoiders are individuals not multinationals

The scale of profit shifting by multinationals is being dwarfed by tax-avoiding wage earners, according to new figures revealing $8.7 billion has gone uncollected due to dodgy claims.

80,000 Aussies set to receive super alert from ATO

Tax Office estimates of the gap between the tax collected and what is owed by the country’s 9.6 million taxpayers is more than three times the estimated loss from large companies, which was $2.5 billion in 2014-15.

Read the full article at the Australian Financial Review.

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