The Administrative Appeals Tribunal has denied taxpayer ZCSB a discharge of $1.2 million in tax debts after failing to prove that he would suffer serious hardship if he was required to repay the sum.
Read more at the Accountants Daily.
Advertisements
Surgeon denied release of $1.2m tax debt
A medical practitioner with tax debts of close to $1.2 million has been denied a release of his liabilities after being found to spend over $200,000 each year on rent and private school fees.
Major Spending Initiatives
- $36 billion in new spending
- $17 billion in personal tax cuts
- $8.5 billion in universal Medicare spending
- $5 billion for childcare
- 20% of student debt wiped for 3 million students
- $150 off power bills for all households and small businesses
- Prescription costs capped at $25 each
