Category: Tax Fraud

Eliminating $100 Notes Will Reduce Crime, say currency experts


By Zeb Holmes and Ugur Nedim Australian currency experts suggest that removing $100 notes from circulation will reduce organised crime and tax fraud. Professor Steve Worthington from Swinburne University says that while $30 billion worth of $AUD100 notes are currently in circulation, most people rarely carry the currency. “They are in circulation, somewhere, but not ...

The Wealthy and Powerful Getting Away with Tax Fraud


In case you missed it, a leak of data from Panama-based law firm Mossack Fonseca has allegedly exposed wealthy individuals, including public officials, hiding their money in offshore companies to avoid tax. The ‘Panama papers’ contain information about more than 214,000 offshore ‘shell’ corporations set up in tax havens such as Panama, the British Virgin ...

Fears Realised: Agencies Given Opal Card Data Without Warrant


You might think that catching public transport in Sydney is a simple transaction – you pay your money, jump aboard and arrive (often slightly late) at your destination. When the NSW Government announced the move to electronic ticketing with the Opal card, many of us thought that it would finally make pubic transport quicker and ...

Wealthy Australians Could Face Tax Evasion Penalties


A number of well-off Australians could face tax evasion penalties in the near future as the ATO has pledged to crack down on wealthy tax dodgers. The ATO is threatening heavy penalties to those who are found to owe substantial amounts in unpaid taxes, including imprisonment. With the ATO estimating that it is owed more ...

What Are The Most Common Tax Evasion Penalties?


Tax evasion is a serious criminal offence and can come with harsh consequences. Tax evasion penalties can range from a good behaviour bond to long-term imprisonment, so it’s important to take any charges or allegations of tax evasion seriously. Always speak to a criminal defence lawyer who is experienced in taxation law and has a ...

What are the Penalties for Tax Evasion?


With the fast pace of modern life, who has time for tax returns? Even Paul Keating claimed he was just too busy when he was caught out failing to fill in a tax return during his time as Federal Treasurer. But tax evasion is a serious Commonwealth offence and can result in harsh penalties. Just ...

Opal Card Data Accessible by Police Without a Warrant


There’s no doubt that public transport smartcards are convenient for commuters who take public transport regularly, saving them money and time queuing for tickets. But along with the convenience comes a hidden cost, with recent reports revealing that data from travel cards like the NSW Opal card is being used by police and other government ...

Why a Proceeds of Crime Barrister is a Wise Idea


If you have been convicted of a serious offence, such as drug trafficking, or fraud, there is the very real prospect that the prosecution will apply to the court for a confiscation order for the proceeds of your crime. Under such an order, the courts are allowed to confiscate any of your property, freeze any ...