Posts tagged "shadow economy"

Cash payments above $500 should be banned to help curb the shadow economy, according to CBA CEO Matt Comyn, who outlined a bold suite of economic reform suggestions for the federal government at a banking summit on Tuesday.

The ATO is developing a new online training portal for small businesses, containing free courses designed to improve tax compliance — and help the tax office whittle down some $44 billion in collectible debts.

The ATO has unveiled new data on its 'shadow economy' enforcement activities, as it cracks down on unregulated transactions estimated to keep $11 billion from the taxpayer each year.