From www.accountantsdaily.com.au: CPA Australia is urging the government to reconsider its proposed extension of tax secrecy exceptions, citing potential damage to the integrity and trust in Australia’s tax system.

The organization argues that lowering the threshold for sharing taxpayer information to “reasonable suspicion” could unfairly harm individuals’ reputations.

CPA Australia emphasizes the importance of taxpayer confidentiality to maintain confidence in the regulatory framework and calls for existing exceptions to be thoroughly evaluated before any extensions are made.