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No hiding place for tax cheats, warns ATO

Nov 07, 2018 - Australian Financial Review

The large-scale leaks of taxpayer information in the Panama Papers and Paradise Papers show that lawyer and accountants who promote tax evasion schemes can no longer promise secrecy to their clients, Tax Commissioner Chris Jordan warns.

He said the Tax Office was focused on disrupting the business model of tax advisers who sell illegal tax schemes and the Panama Papers leak in 2016 had prompted dozens of tax authorities around the world to establish sophisticated information sharing system...