AAP General News (Australia)
04-19-2006
Fed: Luxury car owners face ATO probe
Owners of luxury cars face an audit by the tax office to determine if they're avoiding
paying tax.
The Australian newspaper reports the tax office will announce a nationwide investigation
today .. into people who buy fancy cars.
Tax auditors will use data-matching technology to compare a list of Australia's luxury
car owners against their declared incomes.
The tax office won't comment on the investigation .. but unnamed sources have told
the newspaper the audit will target the owners of cars worth more than 55 thousand dollars.
It says auditors believe some convicted tax evaders try to hide their money in luxury vehicles.
AAP RTV dcr/goc/
KEYWORD: TAX CARS (SYDNEY)
2006 AAP Information Services Pty Limited (AAP) or its Licensors.
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