The ATO is now using Nearmap. Very interesting. It shows the spread of customers.
It also demonstrates the potential for the data analytical tools that some of the capital raising money is developing. For example, the rocket scientists could develop a tool that identifies the location of a ute based on its rego number. So the ATO could identify the house that 'cashy gardening services' was working at on the four times a year the photos are taken. The ATO could then do an audit of 'cashy gardening services' to identify if they declared the income from the work at that address when the photo was taken. Interesting implications.
NEA Price at posting:
$2.95 Sentiment: Buy Disclosure: Held