Why the 15% tax on the world’s biggest companies won’t fix the problem of profit shifting Economy Kerrie Sadiq and Richard Krever 29 May 2023 The budget papers don’t say how many companies will be affected, but globally the OECD says no more than 100 corporations will have to pay the tax.
Why the death of cash is a win for law-abiding SMEs competing with criminals Future of money David Donaldson 5 June 2020 Cash offers an easy means of avoiding tax — one plenty of ordinary Australians use — so the government is keen to crack down on big cash payments.
ATO to launch dob-in-a-business hotline in effort to crack down on $10 billion tax hole Tax Matthew Elmas 4 June 2019 The tax office is launching a whistleblower hotline, encouraging people to dob in business owners suspected of black economy activity.
A $10 billion deficit: Small businesses are Australia’s biggest tax dodgers, ATO says Tax Matthew Elmas 18 March 2019 The ATO is targeting cash-only businesses in a crackdown on $10 billion in unpaid small-business income tax, Chris Jordan has said.
