Wickenby identifies $440m in tax owing

TWO Australian Tax Office programs targeting wealthy tax-dodgers have managed to identify almost $500 million in tax liabilities, the Federal Government says.

The programs, Operation Wickenby and the Offshore Voluntary Disclosure Initiative, are key elements of the ATO’s efforts to stamp out Australians avoiding tax by sending money to overseas havens.

Project Wickenby has identified more than $440 million in tax liabilities while the Offshore Voluntary Disclosure Initiative has found more than $50 million in tax liabilities.

Read the rest of the Wickenby story at news.com.au.