The Australian Taxation Office has drastically ramped up Federal Court actions to recover $30 billion in overdue small business tax, which nearly doubled during the pandemic, ending its leniency policy.
The Tax Office started 476 wind-up proceedings in the first seven months of 2023, compared with just 14 in the same period last year, according to analysis by The Australian Financial Review.
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Max Mason covers insolvency, courts, regulation, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max's journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
