ATO getting tough on those who don’t respond
The Australian Taxation Office said it is instigating stronger action for people who have not met their tax...READ MORE
Treasurer Scott Morrison has downplayed prospects of a dramatic overhaul of the GST formula to accommodate complaints by Western Australia as the latest annual carve-up increases that state's share because its economy has weakened.
While NSW, the nation's economic powerhouse, will see its share of the goods and services tax reduced because of booming revenue from property transactions, the west's per capita share will rise to 47 cents in the dollar from 34 cents.
Read the full article on the Australian Financial Review.