ATO Deputy Commissioner & Serious Financial Crime Taskforce Chief, Mr Will Day, said the ATO regularly receives information from a range of different sources in their efforts to fight tax evasion and crime:
“There are a range of legitimate reasons that someone may have for an offshore bank account or structure. We know most Australians do the right thing.
However, there are some who attempt to hide their ownership interests or financial misdoings through offshore arrangements,” Mr Day said, “The message is clear for those who try to cheat the system – your secrets are no longer safe, and you can expect to feel serious consequences for your actions.
No complicated money trail is too difficult for us to unravel.”