Articles on ATO

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Australia’s Jaclyn Narracott competes in the women’s skeleton at the Beijing 2022 Winter Olympics. Joe Klamar/AFP via Getty Images

Many elite athletes live below the poverty line. Tax‑deductible donations won’t solve the problem

It might sound like a good idea: making tax-deductible donations to potential Olympians and Paralympians. But there are a few potential downsides.
With the second and third releases of ATO tax transparency data, the was no reaction from the financial markets at all, not even for those firms included in the disclosures. BEN RUSHTON/AAP

Revealing how much tax companies pay doesn’t move markets or reduce tax avoidance

Mandatory tax return disclosures for large companies were designed to increase public awareness of tax avoidance - but a new study reveals they may not work.
Anyone can use a discretionary trust but the beneficiaries of trusts are usually all part of the one family or extended family. Joel Carrett/AAP

Family trusts often cause more harm than good

Overwhelmingly, trusts are used to minimise tax, avoid paying creditors and to avoid the fair division of property after a relationship breakdown.

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