ATO Pursues Small Businesses for $34 Billion Debt Amid Rising Insolvencies

The Australian Taxation Office (ATO) is currently engaged in the pursuit of over $34 billion in outstanding debts owed by small businesses and self-employed individuals, a significant portion of which were deferred during the COVID-19 pandemic. This aggressive debt collection drive has prompted concerns among experts, who fear a surge in insolvencies reminiscent of post-global […]

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