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Construction Economy

Attacking Small Business to Justify the Cash Ban

#CashBan #Australia #ATO

Small Businesses are being framed in a negative light to justify the cash ban and the path to negative interest rates. Naturally only by people who would not appreciate the challenges small businesses face.

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References

IBM, Atlassian, Schneider avoided paying the Australian Taxation Office in 2016

https://www.crn.com.au/news/ibm-atlassian-schneider-avoided-paying-the-australian-taxation-office-in-2016-479382

Small business ‘tax gap’ costing Australia $11 billion a year, ATO says

https://www.abc.net.au/news/2019-08-27/ato-says-small-businiess-tax-gap-is-costing-11-billion-dollars/11453724?section=business