Australia has followed in the footsteps of the UK tax authority, by offering an 'amnesty' to people ...
Australia has followed in the footsteps of the UK tax authority, by offering an 'amnesty' to people who have failed to disclose income from offshore banks. Australia's tax commissioner Michael D'Ascenzo said the initiative involved a number of approaches, including sending a letter to people identified as having an offshore debit or credit card in the offshore jurisdictions of Jersey, Guernsey and the Isle of Man. He said: "We are increasing our audit activities in cases where people may try to conceal income and assets offshore in tax havens. There is nothing wrong with holding an offsho...
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