Risks from changes to tax secrecy laws

by

Ed.

From www.accountantsdaily.com.au: The Tax Institute warns that proposed changes to tax secrecy laws allowing shared confidential tax information with unrelated agencies could significantly compromise privacy and confidentiality.

It advocates for a cautious approach, with robust safeguards and clear frameworks to prevent misuse of sensitive data.

The Institute is calling for further consultations to enhance the efficacy of fraud identification and protect taxpayer trust in the tax system.

Filed under: Tax - General

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