Legal Professional Privilege remains a powerful tool for protecting the confidentiality of communications between client and legal advisor.
Cryptocurrency, The Taxman and Big Data
In 2019 the ATO started its first crypto data-matching program. The ATO’s data matching program compared taxpayer self reported income to cryptocurrency transaction data occurring between 2014 and 2019. Recently, the ATO expanded their program to gather information up to the 2022-2023 income year and will continue to gather and compare...