Small business tax debts to be revealed to credit agencies

The tax man will now disclose small business tax debt information to credit reporting agencies under a new measure announced in the federal government's mid-year budget update.

The measure, which comes as tax debts to the Australian Taxation Office hit almost $20 billion, will initially apply to businesses with Australian Business Numbers and tax debts of more than $10,000 that are at least 90 days overdue.

Read the full story at Sydney Morning Herald.

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