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Maybe they share some information but is that information acted upon? I imagine there would be no TFN with US brokers, so imagine how difficult it would be to track the taxpayer. They could only go after the big fish...but they have clever tax lawyers.......who make people chase their tails for...

If there was no black economy I'd say the budget would quickly be in the....well...black! Yet all govt seem unable to diminish the black economy. The GST has failed. Maybe they should bring back the old PPS system. Remember that..lol..what a joke. Oh, then there was the RPS system . ha.

Would the tax office know that one is trading in US stocks? I wonder? They can't even tackle the multi billion dollar black economy in Oz.!