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Tax Office To Examine Online Sellers


July 30, 2010

Australia's federal privacy commissioner has granted the Australian Tax Office (ATO) permission to examine the data of those who sell items on certain online auction sites, reports. The ATO wants to crack down on sellers who fail to declare the income on their tax returns and will look at those who have sold more than $20,000 in goods and services over the last three years. The ATO is urging sellers to come forward before being found out. The inquiry is part of a larger crackdown on online businesses, according to the report.
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