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 OZschwitz: thieving tax office targets slice of banking scandal compensation payments

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RR Phantom

RR Phantom

Location : Wabbit Hole
Job/hobbies : Cayman Islands Actuary

OZschwitz: thieving tax office targets slice of banking scandal compensation payments Vide
PostSubject: OZschwitz: thieving tax office targets slice of banking scandal compensation payments   OZschwitz: thieving tax office targets slice of banking scandal compensation payments Icon_minitimeWed Aug 21, 2019 6:34 pm

Customers caught in the multibillion-dollar rip-offs laid bare at the banking royal commission have been warned compensation payments could trigger tax bills and require the refiling of several years of tax returns.

OZschwitz: thieving tax office targets slice of banking scandal compensation payments Image

As the estimates for compensation owed to consumers from the nation's biggest financial institutions stretches beyond $6 billion, advice from the Australian Taxation Office states taxpayers need to ensure the payments do not trigger fresh liabilities.

https://www.smh.com.au/money/tax/tax-office-targets-slice-of-banking-scandal-compensation-payments-20190820-p52ivj.html

taxistheft
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