New ATO power will wind up bad debtors but protect ‘good’ businesses, says credit bureau
By James Harkness · 16 January 2018 · Featured
By James Harkness · 16 January 2018 · Featured
The Australian Taxation Office is set to gain new authority to report tax debts to credit bureaus, but what does this mean for businesses? Find out how this shift in power could impact your company's financial future.
The Australian Taxation Office (ATO) will be empowered to report a business’s overdue tax debts to credit reporting bureaus under draft legislation released by Minister for Revenue and Financial Services, Kelly O'Dwyer. The legislation, which – together with explanatory material – is now available for public comment, will require a business to “effectively engage” with […]