17
October
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Tax Offences
On the 1st July 2015 a special prosecutions taskforce was established to deal with the increasing number of cases of tax fraud, the “Serious Financial Crime Taskforce” (SFCT). Up until then most tax related fraud was investigated by the ATO in conjunction with the Federal Police and in some cases the CDPP – (Commonwealth Director of Public Prosecutions) Since the establishment of the SFCT there has been raised liabilities of over $473 million and $175 million collected. Matters treated as a potential risk to the SFCT are as follows: Failure to keep proper company or business financial records Failure to lodge annual...
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