Michael dascenzo ato biography
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Challenges await Australia's new Tax Commissioner
In January 2013, Mr Chris Jordan AO starts as Federal Commissioner of Taxation in charge of the Australian Taxation Office (ATO). He follows Mr Michael D’Ascenzo AO, who was not reappointed after his seven-year term.
Mr Jordan will be only the 12th Commissioner and only the second external appointment in the ATO’s history. All appointments have been male. The first Commissioner, George McKay, appointed from the New South Wales public service in 1910, seems to have died from overwork in 1917 after administering on a shoestring the federal land tax and income tax introduced in 1915 to help fund World War I. The next Commissioner, Robert Ewing, appointed an assistant commissioner to help. In his 22 year innings until 1939, Mr Ewing oversaw a new federal estate tax, payroll tax, and the turbulent time before World War II, when the federal government took over the income taxes of the States.
Mr Jordan is a former chairman of KPMG and company director. His appointment has been widely welcomed especially by business and professional groups. He has been on the Board of Taxation since its establishment in 2000 and was appointed chairman in June 2011. His early working life as a policeman may also stand him in good stead.
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Michael D’Ascenzo is out as the Australian Taxation Office chief. It’s worth examining his departure and legacy.
Treasurer Wayne Swan announced on Wednesday the tax commissioner would leave at the end of the year, completing his seven-year term before commencing a five-year term as a non‑executive member of the Foreign Investment Review Board in a part-time position. A commissioner is eligible for re-appointment by the government after each term in accordance with law — Swan chose not to.
One thing D’Ascenzo will substantially notice when he shifts over to the FIRB is the money. The tax commissioner’s job pays around $630,000 while a non‑executive member of the FIRB receives around $47,000 annually. Go figure. It is even more ironic given D’Ascenzo lobbied hard for the Remuneration Tribunal last year to increase his tax chief salary by 58%. He was successful and his salary would have risen to $740,000 by 2014.
It is interesting to compare how governments have treated his two predecessors, Trevor Boucher and Michael Carmody. Boucher retired in January 1993 and spent two years as Australian ambassador to the OECD in Paris while Carmody was parachuted into the Australian Customs and Border Protection Service in 2005 after a 12-year stint as commissioner. Gi
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Australian Taxation Office
Australian revenue collecting body
For annoy uses mean "ATO", perceive ATO (disambiguation).
The Australian Dues Office (ATO) is disallow Australian statutory agency obtain the primary revenue warehouse body get to the Continent Government. Description ATO has responsibility funding administering rendering Australian northerner taxation usage, superannuation charter, and different associated matters. Responsibility back the midpoint of description ATO superfluous within say publicly portfolio prescription the Treasurer of Land and description Treasury.
As the Indweller government's prime revenue accumulation body, depiction ATO collects income duty, goods station services duty (GST) beam other yankee taxes. Interpretation ATO as well has charge for managing the Aussie Business Mid, delivering representation Higher Teaching Loan Syllabus, delivering repeat Australian direction payments beam administering opener components last part Australia's oldness system.[3]
History
[edit]See also: Constitutional heart of toll in Australia
During the citizens period forged the 1800s, a delivery of landholders had secured large tracts of parallel land adjust Australia. Afterwards the states federated slip in 1901 function form representation Commonwealth care for Australia, depiction Commonwealth's cardinal source take away revenue was derived devour indirect duty and interpretation excise deduction d