- The ATO released its fifth findings report on the Combined Assurance Review (CAR) program for the Top 1,000 taxpayers in Australia.
- The report provides insights into the evolution and nature of the program.
- The ATO’s goal is to ensure taxpayers have paid the right amount of tax through transparency and governance.
- There has been an increase in enforcement through detailed reviews, but eventually, taxpayers should be able to demonstrate compliance through good governance.
- The report raises questions about the outcome of the program and what is in store for Top 1,000 taxpayers in the future.
Source: pwc.com.au
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
