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The Australian Taxation Office (ATO) served 181 companies with $2.5 billion worth of tax bills in the 2020 financial year, with the companies in question in sectors such as pharmaceuticals, e-commerce and resources. However, ATO Deputy Commissioner Rebecca Saint says billions of dollars worth of tax bills are being disputed by 26 different taxpayers:
Data exclusively provided to ABC News shows 181 companies were hit with $2.5 billion worth of tax bills during the 2020 financial year…
ATO deputy commissioner Rebecca Saint said about $1.5 billion of the $2.5 billion was being disputed by 26 different taxpayers…
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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.
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