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피터빈트

Insolvencies on the rise at ATO increases recovery

By ABC NEWS (Australia)

Published : July 16, 2024 - 16:59

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Stronger debt recovery action by the tax office is increasing financial stress and pushing more businesses under. The rate of insolvencies is now around the peaks experienced just after the global financial crisis in 2008. There are calls for the ATO to use more discretion to allow taxpayers more time to pay down old debts and waive them outright in cases of domestic violence.

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