Treasurer Joe Hockey on Wednesday introduced comprehensive plans to legislate policies that could reap hundreds of millions of dollars as additional revenues.
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Since the government transferred compliance functions to the Australian Taxation Office in May, more than 3,000 pieces of information relating to suspected breaches have come to light through data-matching with third-party sources, according to Mr Hockey. But the positions have not yet been officially confirmed. “I’ve had discussions with the prime minister”, he said, “We’ll leave it at that”.
“That is why I am doing my job”.
“There is no greater enthusiast than me for seeing more women in positions of power and influence in Parliament”, Turnbull told reporters in Canberra yesterday.
On a more positive note, Mr Edwards said recent warnings about weaker China growth and the potential for a fallout in Australia from volatility in its stock markets and currency have been exaggerated.
“This undermines the public faith in the tax system and that leaves families and small businesses to unfairly carry the taxation burden”.
The draft legislation will not only bring to effect stronger penalties for big companies trying to avoid taxes, but also implement country-by-country reporting that will allow the authorities to get a clearer visibility of the international structures.
Treasurer Joe Hockey has announced the sale of five residential properties that are “unlawfully held” by foreign nationals.
He said among those found were overseas students – “some who had never filed a tax return have bought properties worth $5 million”.
The 500 investigations are the result of “dob-ins” from the community, Tax Commissioner Chris Jordan said.
But Mr Hockey clearly indicated his willingness to continue in the role, admitting he could always do more to better sell something. “I have always sought to conduct myself in a way where I’ve let my actions, my performance be my advocate”, Mr Morrison said.
Mr Turnbull’s office has said the reshuffle is likely to be announced over the weekend or early next week, and a ministerial meeting was held last night.
Mr Husic likened Mr Hockey to actor Bruce Willis in the movie The Sixth Sense.
“He’s talking in the parliament, he’s getting impassioned, he wants people to listen to him and no one’s paying attention”, he told reporters.
As well as operations in the Middle East and Afghanistan, publication of the Defence white paper was just weeks away and the department was going through its most significant restructure in nearly 50 years.
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“I have been informed by the Treasury of the final budget outcome for our first budget and that is that the budget bottom line is $3bn better than what we expected at budget time”, Hockey said.
