Dodgy ABN’s ‘key to crackdown’

Original article by Joanna Mather
The Australian Financial Review – Page: 7 : 15-Dec-16

The Australian Government’s taskforce on the cash economy will release an interim report in March 2017. The taskforce will be led by Michael Andrew, who says the large number of Australian Business Numbers that have been issued but have never incurred a tax liability is a major concern. He has also flagged the potential to impose harsher penalties as part of the crackdown on the cash economy, and adds that the $A100 note would not be missed by most consumers if it were withdrawn from circulation.

CORPORATES
KPMG, SWINBURNE UNIVERSITY OF TECHNOLOGY, RESERVE BANK OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA

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