THE tax office is winding up and bankrupting thousands of self-employed workers and small businesses instead of restructuring their tax debts.
The Australian Taxation Office admitted it was responsible for 2 per cent of bankruptcies and 7 per cent of all company wind-ups in the last financial year. (more…)
In a speech given to the Council of Small Business of Australian, the Tax Commissioner spelt out new measures to help businesses with an annual turnover of less than $2million that are struggling to manage their tax debts in the current economic climate. (more…)
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