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Key points:
Tax Office calculates that $8.7 billion in government revenue was lost from income tax alone
Accountants believe it's a "wake-up call" and is down to hidden income, false deductions and errors
ATO pledges to increase audits targeting those who deliberately fudge their returns
Big multinationals lending money from OS tax havens to their Australian subsidiary at inflated rates purely designed around screwing the country out of tax dollars and sending most of the profit OS is probably too hard but make sure you didn't claim a pair of boots you didn't buy or have too much business use apportioned to your personal phone/PC etc.
Also the government doesn't provide me with civilised society. Emergency services I don't mind paying for in income tax but most of the other shit is not a legitimate function of government. Income tax should be repealed and replaced with a sales tax
Also the government doesn't provide me with civilised society. Emergency services I don't mind paying for in income tax but most of the other shit is not a legitimate function of government. Income tax should be repealed and replaced with a sales tax
Also the government doesn't provide me with civilised society. Emergency services I don't mind paying for in income tax but most of the other shit is not a legitimate function of government. Income tax should be repealed and replaced with a sales tax