New tax debt laws may ’act against’ small business clients
The government is touting benefits for small business with its proposed business tax debt transparency laws, but some in the business of debt collection think the new rules may be counterproductive.
Earlier this month, exposure draft legislation for the transparency of business tax debts was released, aiming to allow the ATO to disclose business tax debts to credit reporting bureaus where the businesses have not effectively engaged with the tax office to manage their debt.
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