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Notes Online Home 2014 Tax Hot Spots II What's new in 2014
Project DO IT the ATO offer taxpayers a reprieve on undisclosed foreign income
In this chapter of the notes we look at Project DO IT: the ATO offer taxpayers a reprieve on undisclosed foreign income. In particular, the following:
- The benefits available under Project DO IT
- Eligibility requirements
- The Project DO IT process
- Common instances in which a taxpayer may have undisclosed foreign income