Auditor general: Black economy leeching billions from budget

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The former Coalition government agreed to implement 27 of the 80 recommendations that were made by its black economy taskforce.

However, just 12 of these recommendations have been fulfilled.

A report from the Auditor-General has found that the Treasury has not been effective in combating the black economy, defined as dishonest or criminal activities operating outside the tax system.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.