What is the ATO Green Book's view on tax transparency?

The ATO Green Book emphasizes the idea that transparency fosters trust and compliance between taxpayers and the tax authority. This view is based on the belief that when taxpayers are open about their financial dealings and tax obligations, it promotes a culture of honesty and accountability. Transparency in tax matters helps taxpayers understand their responsibilities while also giving the tax authority the necessary information to operate effectively and fairly.

By encouraging transparency, the ATO aims to enhance voluntary compliance, meaning that individuals and businesses are more likely to meet their tax obligations when they see a system characterized by openness and clear expectations. This not only helps in reducing tax evasion but also contributes to a fairer tax system where everyone pays their fair share. In contrast, the other options suggest various levels of secrecy and minimal transparency, which do not align with the ATO's stance on building a more trustworthy and compliant tax environment.