Panama Papers point to 100 Aussies: ATO

Colin Brinsden, AAP Economics and Business Correspondent
·1-min read

Some 100 Australians are "of interest" to the Australian Taxation Office from investigations stemming from the so-called Panama Papers leak of documents in 2016.

The subsequent Operation Atlantis investigation into the leaked papers is a joint operation of five revenue authorities - Australia, US, Canada, UK and The Netherlands - known as the J5.

Commissioner of Taxation Chris Jordan explained to a Senate estimates hearing because so many countries were involved, the J5 was formed as a sub-set of the Organisation for Economic Cooperation and Development to improve collaboration.

Deputy tax commissioner Will Day, who represents Australia on the J5, said there were a number of investigations and operations under way involving criminal, civil and regulatory action.

"We think there is around 100 Australians that are of interest to us at the ATO," Mr Day told the hearing.

"Other countries in that J5 had more."

He was unable to give further details of the investigation.