This proposal has three components.

• Component 1 – Make the existing Tax Avoidance Taskforce ongoing at its existing funding level
• Component 2 – Provide the Australian Taxation Office (ATO) with an additional $50 million in funding each year for compliance and anti-avoidance work relating to trusts.
• Component 3 – Provide the ATO with an additional $50 million in funding each year for compliance work relating to multinationals.

This proposal would commence on 1 July 2020.