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The ATO credit card ban upsetting businesses and politicians

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:

  • 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.
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