Last chance for offshore tax dodgers

THE tax office has doubled the penalties for tax cheats who admit to hiding money in offshore tax havens.

It has also offered tax dodgers the opportunity to anonymously check if they are liable for criminal prosecution, in addition to a fine, before they come forward.

Tax Commissioner Michael D’Ascenzo described it as “one last chance to come in and do the right thing”.

“This new offer provides a good opportunity for people who want to do the right thing to get their tax affairs in order,” he said.

Read more about offshore tax havens at news.com.au.