elgato
Joined: 24 Feb 2005
Posts: 16923
Location: Texas
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| Posted: Fri Jul 30, 2010 8:08 pm Post subject: eBay, Trading Post help catch Australian tax cheats |
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The Australian Taxation Office (ATO) is enlisting the help of eBay and the Trading Post to carry out data matching to weed out businesses and individuals evading their taxes.
Businesses that have sold more than $20,000 in goods and services online would be subject to the matching process.
Senior assistant commissioner Chris Barlow told ZDNet Australia that the tax office was currently receiving approximately 30,000 online account records from eBay and the Trading Post for matching.
Once the tax office has received the records from eBay and the Trading Post, it will commence matching the data against tax returns. Computers carry out automatic checks first and then if a match is made, the system flags it for an ATO employee to follow-up.
"We match around 500 million data records every year from various professions," said Barlow.
He told ZDNet Australia that the ATO takes privacy and security issues very seriously when dealing with personal financial information.
more.. link to news article |
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