The Inspector-General of Taxation’s Review into the ATO’s use of benchmarking to target the cash economy report found that of the completed 7,600 correspondence audit cases, nearly 6,000 were found to be compliant or of low risk. This means that approximately 75% of these audit cases were still liable for the substantial professional costs associated with ATO and other government agency audits, enquiries, investigations and reviews, regardless of the outcome.
To read the Review into the ATO’s use of benchmarking to target the cash economy in its entirety, please click here.
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