Top tax avoiders

Wednesday, July 22, 1992 - 10:00

Top tax avoiders

The Australian Taxation Office recovered an additional $1.2 billion in tax last financial year from the country's top 100 companies.

The results come from the ATO's "large-case audit program", set up in 1988. The ATO plans to extend the scheme to the top 600 companies in the next few years.

Despite the amount of money retrieved, the media largely ignored the story. Only the Financial Review reported it. Imagine if it had been a $1 billion welfare fraud.

From GLW issue 63