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The ATO credit card ban upsetting businesses and politicians
Published 1 week, 1 day ago
Description
Business groups are expressing concern about the Tax Office's ban on credit cards, due to come into force in December.
Business groups are concerned about the tax office's ban on credit cards, due to start in December. They say it will create more headaches for small businesses who use the cards to manage cash flow. The government says it supports the decision but not all Labor MPs are in agreement.
In this episode:
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Business groups are concerned about the tax office's ban on credit cards, due to start in December. They say it will create more headaches for small businesses who use the cards to manage cash flow. The government says it supports the decision but not all Labor MPs are in agreement.
In this episode:
- The ATO is banning the use of credit cards to settle tax bills from December 1.
- Business groups like the Australian Chamber of Commerce and Industry say it's going to create more headaches for small businesses.
- There are calls for the ATO to change its mind.
- The government says it supports the ATO decision.
- But some Labor MPs appear to be contradicting each other.
Listen to more episodes of SBS News in Depth, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.
For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.