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READ MOREYour tax debt could destroy your credit worthiness: lobbies hit back at proposed law
Tradespeople, cleaners, taxi drivers, farmers, doctors and lawyers could be inadvertently caught up by a proposed law that would allow the Australian Taxation Office (ATO) to report alleged debts to credit reporting agencies, according to submissions to a federal inquiry.
The Federal Government wants to allow the ATO to disclose small business tax debts to credit reporting agencies, but its proposal has faced criticism from the tax ombudsman, small business ombudsman, and a number of lobby groups, who fear the legislation is being rushed through and that there are not enough safeguards to protect taxpayers.
Read more at the ABC.
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