ATO to more carefully probe tax agent behaviour in bid to close $8.7 billion revenue gap

Australian Financial Review  |  Thursday 12 July 2018

 Tax Commissioner Chris Jordan. The ATO wants to recoup $1 billion from extra enforcement and audit measures.Alex Ellinghausen

Tax Commissioner Chris Jordan. The ATO wants to recoup $1 billion from extra enforcement and audit measures.Alex Ellinghausen

The ATO is preparing to weaponise new government funding to recover $1 billion from taxpayers and tax agents deliberately and aggressively contributing to the Australia's tax gap.

Figures released on Thursday showed about $8.7 billion of the nation's tax base is being lost each year through dodgy personal claims, incorrect work-related expenses, deductions related to rental properties and $1.4 billion in cash wages.