Corporates demonstrate tax compliance improvements after ‘intensive engagement’ from ATO
In its latest corporate tax transparency report, the ATO said big business had demonstrated improved voluntary tax compliance following “intensive engagement” by the Tax Office in recent years.
During the 2019-20 financial year, $57.2 billion was paid by the 2,370 major companies covered by the report, 2 per cent more than in the previous financial year, making up 65 per cent of the total corporate income tax paid.
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