The Australian
Taxation
Office (ATO) is owed over $100 billion in unpaid tax, super, and other debt – the highest it has ever been, according to Commissioner Rob Heferen.
Taxation
Office (ATO) is owed over $100 billion in unpaid tax, super, and other debt – the highest it has ever been, according to Commissioner Rob Heferen.
Heferen said the debt is equal to about one-sixth of all collections in the last financial year, including withheld pay-as-you-go tax and superannuation.
“$100 billion debt is almost double the annual defense budget and triple the government’s new housing investments, impacting all Australians,” said Heferen.
After taking a lenient approach during the pandemic, ATO is now stricter towards tax collection, aiming to deal with unpaid debts more effectively,
Heferen emphasizes the importance of collecting unpaid debts to ensure a fair tax system and support businesses paying their fair share.
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