A mammoth tax target for the ATO

A new report estimates $21-32 trillion in cash is held in the world's offshore tax havens. So how much of this can the topped-up government funding for Project Wickenby help bring in?

Few programs run by the Australian Taxation Office have received the kind of attention enjoyed by the ATO’s crackdown on the use of offshore tax havens, which runs under the code name of Project Wickenby.

And why not – as the ATO proudly trumpets in a special report in its 2012-13 Compliance Program released last week, Wickenby is "achieving substantial results.”

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