21st March 2014
An Abbott government discussion paper designed to boost the data-gathering capabilities of the Australian Taxation Office could see businesses beleaguered with more red tape and costs, experts suggest.
It says the new reporting measures should assist the government to gain additional revenue of $610.2 million over the forward estimates period. In underlying cash terms, the estimated increase in receipts is $431.7 million.
Click here to read the full article.