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Economy

ATO’s Tax Rebate isn’t working

#ATO #TaxReturn #Taxes

It looks like the recent tax rebates are not stimulating the economy as much as hoped because people are using it to pay off debt. An encouraging sign or more evidence that people are getting worried?

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References

ATO’s tax rebate fails to stimulate the economy as Aussie use it to pay off debt, report says

https://www.news.com.au/news/atos-tax-rebate-fails-to-stimulate-economy-as-aussie-use-it-to-pay-off-debt-report-says/news-story/6ed2066558ec254029560ebc6326b299