Sign up to save your podcasts
Or
Share Plugging Australia's Tax Gap: Will Third Parties Stop the Great Revenue Leak?
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Plugging Australia's Tax Gap: Will Third Parties Stop the Great Revenue Leak?
The Australian government could boost its coffers by many billions of
dollars and improve compliance by increasing third-party reporting on
taxpayers' incomes and withholding tax requirements. International
studies show that relying on taxpayers' honesty and co-operation
typically results in a shortfall, according to Richard Highfield, senior
adviser with the OECD's Centre for Tax Policy and Administration. He
estimates increasing third-party reporting on business-related income in
particular – including business-to-business and business-to-consumer
sales, share transactions and property rentals – would significantly
stem "revenue leakage."Australia has "lots of room" for improvement,
agrees the US national taxpayer advocate, Nina Olson, but experience
shows third-party reporting also can be counterproductive, she warns.
View all episodes
By theBoxThe Australian government could boost its coffers by many billions of
dollars and improve compliance by increasing third-party reporting on
taxpayers' incomes and withholding tax requirements. International
studies show that relying on taxpayers' honesty and co-operation
typically results in a shortfall, according to Richard Highfield, senior
adviser with the OECD's Centre for Tax Policy and Administration. He
estimates increasing third-party reporting on business-related income in
particular – including business-to-business and business-to-consumer
sales, share transactions and property rentals – would significantly
stem "revenue leakage."Australia has "lots of room" for improvement,
agrees the US national taxpayer advocate, Nina Olson, but experience
shows third-party reporting also can be counterproductive, she warns.
More shows like Knowledge@Australian School of Business
View all
UniWide Configuration Video Instructions
0 Listeners
Art and Design
14 Listeners
Law and Society
0 Listeners
TV shows and interview series
0 Listeners
Talking Point (audio)
0 Listeners
Science and Engineering
0 Listeners
Knowledge@Australian School of Business - Video Interviews
1 Listeners
Refugee Conference 2011
0 Listeners
Strategic Management of Business and Technology
2 Listeners