Families urged to report foreign incomes to Tax Office

New international data sharing agreements are allowing the Australian Taxation Office to track money across borders and identify individuals not meeting their obligations. The Australian Taxation Office is asking taxpayers receiving foreign incomes to make sure they report it this tax time.

The exterior of the Australian Government Taxation Office in Sydney on Monday, May 28, 2012. (AAP Image/April Fonti) NO ARCHIVING Source: AAP