THE tax office has doubled the penalties for tax cheats who admit to hiding money in offshore tax havens.
It has also offered tax dodgers the opportunity to anonymously check if they are liable for criminal prosecution, in addition to a fine, before they come forward.
Tax Commissioner Michael D’Ascenzo described it as “one last chance to come in and do the right thing”.
“This new offer provides a good opportunity for people who want to do the right thing to get their tax affairs in order,” he said.
November 11, 2009: ATO seeking details of secret UBS bank accounts
October 23, 2009: Wickenby identifies $440m in tax owing
August 07, 2009: ATO reaps $44m in unpaid tax from execs