ATO drags non-lodgers out of the shadows as prosecutions jump 80%
The ATO has stepped up its crackdown on the shadow economy, with more than $2.7 million in fines imposed over the last two years.
The Australian Taxation Office (ATO) has reported an 80% jump in non-lodgment prosecutions of shadow economy operators, including businesses and individuals hiding income or activity to avoid tax and super obligations.
Over the past two years, the ATO has successfully prosecuted more than 350 individuals and entities, securing more than 305 convictions and $2.7 million in court-imposed fines.
While the number of non-lodgment prosecutions initiated jumped 80%, the number resulting in successful prosecutions increased by almost 60% over the same period.
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