Andy Bubb draws some analogies between the Australian Tax Office's approach to tax controversy and the US election.
There was plenty of controversy during the 2016 US election campaign, including Donald Trump being the first major party presidential candidate since 1976 to refuse to publicly release a personal tax return.
Last month, the Autralian Taxation Office (ATO) released its 2016 Annual Report. We noticed some analogies between some of the tax controversy themes in the report and the US election, plus a few differences:
For both, the ATO’s approach to tax disputes and the US presidency, only time will tell whether these issues remain the key themes in the year (or four) ahead.
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