ATO, Australian Taxation Office, Disclose offshore income today, Disclosure, Formal announcement, Offshore income, Overseas assets, Private individuals, Project DO IT, Tax, Tax havens, Taxation, Taxpayer Alert, Whitehawk Advisors
ATO urges Australians with undisclosed offshore income to come clean
On 27 March 2014 the ATO formally announced its voluntary disclosure initiative, ‘Project DO IT: disclose offshore income today’. The content of the Media Release is as follows: Note that under Project DO IT, people disclosing their offshore assets will generally only...