Australian Politics Forum - ATO wants you to not pay tradies cash

bogarde73

Gold Member

Offline

Anti-Global & Contra Mundum

Posts: 18443
Gender: male

ATO wants you to not pay tradies cash
Dec 9^th, 2017 at 9:31am

The tax commission is imploring people to stop paying tradies with cash because it is costing the economy billions of dollars.

His call comes after reports of tradespeople issuing fake invoices using a Bunnings business registration number, or ABN.

“If you pay cash for a discount, in many cases you are effectively ripping off yourself as an Australian taxpayer because this type of behaviour is what sees billions flow out of the tax system and into the cash economy,” Australian Taxation Office chief Chris Jordan told The Australian on Friday.

Bunnings unwittingly became the centre of a massive tradie tax fraud earlier this year when Treasury’s Black Economy Taskforce found the hardware giant’s ABN was being used in more than 40 per cent of all ABNs quoted in the Northern Territory.

Putting down the wrong ABN effectively allows an independent contractor or supplier to dodge paying tax on a transaction. With cash transactions especially, it is almost impossible for the Australian Tax Office to ensure tax has been paid correctly.

We found out that more than 40 per cent of ABNs quoted in the Northern Territory were Bunnings, and when you start looking at that, of course every tradesman goes to Bunnings," taskforce chairman Michael Andrew told a CPA Australia podcast in July.

:West Australian Business

Back to top

Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism.

IP Logged

bogarde73 Gold Member Offline Anti-Global & Contra Mundum Posts: 18443 Gender:	Re: ATO wants you to not pay tradies cash Reply #1 - Dec 9^th, 2017 at 9:32am Probably not too far off when govts want to ban cash transactions altogether? I love cash.
Back to top	Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism. IP Logged

Sprintcyclist

Gold Member

Offline

OzPolitic

Posts: 39511
Gender: male

Re: ATO wants you to not pay tradies cash
Reply #2 - Dec 9^th, 2017 at 9:51am

bogarde73 wrote on Dec 9^th, 2017 at 9:31am:

The tax commission is imploring people to stop paying tradies with cash because it is costing the economy billions of dollars.

His call comes after reports of tradespeople issuing fake invoices using a Bunnings business registration number, or ABN.

“If you pay cash for a discount, in many cases you are effectively ripping off yourself as an Australian taxpayer because this type of behaviour is what sees billions flow out of the tax system and into the cash economy,” Australian Taxation Office chief Chris Jordan told The Australian on Friday.

Bunnings unwittingly became the centre of a massive tradie tax fraud earlier this year when Treasury’s Black Economy Taskforce found the hardware giant’s ABN was being used in more than 40 per cent of all ABNs quoted in the Northern Territory.

Putting down the wrong ABN effectively allows an independent contractor or supplier to dodge paying tax on a transaction. With cash transactions especially, it is almost impossible for the Australian Tax Office to ensure tax has been paid correctly.

We found out that more than 40 per cent of ABNs quoted in the Northern Territory were Bunnings, and when you start looking at that, of course every tradesman goes to Bunnings," taskforce chairman Michael Andrew told a CPA Australia podcast in July.

:West Australian Business

I agree.
Cashie jobs give you no warranty on their work.
They disadvantage tradies who run legitimate good businesses.
they encourage illegal behaviour

Back to top

Modern Classic Right Wing

IP Logged

bogarde73 Gold Member Offline Anti-Global & Contra Mundum Posts: 18443 Gender:	Re: ATO wants you to not pay tradies cash Reply #3 - Dec 9^th, 2017 at 11:47am There's nothing like the smell of fresh banknotes in the morning.
Back to top	Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism. IP Logged

The_Barnacle Gold Member Offline Australian Politics Posts: 6205 Melbourne Gender:	Re: ATO wants you to not pay tradies cash Reply #4 - Dec 9^th, 2017 at 11:55am bogarde73 wrote on Dec 9^th, 2017 at 9:32am: Probably not too far off when govts want to ban cash transactions altogether? I love cash. The government would love a cashless society. Then they could keep track of every single transaction. I love cash too. I pay cash where ever possible.
Back to top	The Right Wing only believe in free speech when they agree with what is being said. IP Logged

Grappler Truth Teller Feller

Gold Member

Offline

Australian Politics

Posts: 80205
Proud pre-1850's NO Voter
Gender: male

Re: ATO wants you to not pay tradies cash
Reply #5 - Dec 9^th, 2017 at 12:05pm

Why? The moment they buy lunch or a beer after work they are re-entering the tax cycle...

That aside, I can see that a large amount of income tax (let's look at that in isolation, shall we?) disappears through cash transactions. Always been that way with tradies, who are also often afflicted with an easy come-easy go attitude, meaning that where many should be retiring millionaires, they retire with next to nothing.

Amazing but true. Anyway - if all their income was declared, many would enter the higher tax brackets.

Back to top

“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

IP Logged

Grappler Truth Teller Feller Gold Member Offline Australian Politics Posts: 80205 Proud pre-1850's NO Voter Gender:	Re: ATO wants you to not pay tradies cash Reply #6 - Dec 9^th, 2017 at 12:07pm bogarde73 wrote on Dec 9^th, 2017 at 9:32am: Probably not too far off when govts want to ban cash transactions altogether? I love cash. Bar-code tattooed on the forearm..... retinal scan..... be a huge black market in stolen arms and eyes.....
Back to top	“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.” ― John Adams IP Logged

bogarde73 Gold Member Offline Anti-Global & Contra Mundum Posts: 18443 Gender:	Re: ATO wants you to not pay tradies cash Reply #7 - Dec 9^th, 2017 at 12:12pm Boom times for the SE Asian hospital sector maybe?
Back to top	Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism. IP Logged

miketrees Gold Member Offline Australian Politics Posts: 6488 Gender:	Re: ATO wants you to not pay tradies cash Reply #8 - Dec 9^th, 2017 at 12:39pm If you could stop all cash transactions tomorrow, I recon our economy would grind to a halt.
Back to top	IP Logged

Lord Herbert Gold Member Offline Posts: 34441 Gender:	Re: ATO wants you to not pay tradies cash Reply #9 - Dec 9^th, 2017 at 12:42pm bogarde73 wrote on Dec 9^th, 2017 at 11:47am: There's nothing like the smell of fresh banknotes in the morning.
Back to top	IP Logged

Lord Herbert

Gold Member

Offline

Posts: 34441
Gender: male

Re: ATO wants you to not pay tradies cash
Reply #10 - Dec 9^th, 2017 at 12:45pm

Sprintcyclist wrote on Dec 9^th, 2017 at 9:51am:

I agree.
Cashie jobs give you no warranty on their work.
They disadvantage tradies who run legitimate good businesses.
they encourage illegal behaviour

Correct.

Of the last 5 jobs I've had people come in and do at my place every one of them was an Arab and a Muslim, and all wanted cash-in-hand.

It's another way of screwing this country, and it's another way of them having the money to build more mosques and finance terrorist organisations overseas.

Back to top

IP Logged

The_Barnacle

Gold Member

Offline

Australian Politics

Posts: 6205
Melbourne
Gender: male

Re: ATO wants you to not pay tradies cash
Reply #11 - Dec 9^th, 2017 at 12:50pm

miketrees wrote on Dec 9^th, 2017 at 12:39pm:

If you could stop all cash transactions tomorrow, I recon our economy would grind to a halt.

No it wouldn't.
You can already pretty much pay for everything electronically now if you choose to. Minor purchases can be made with tap-and-go and even smart phones.

If electronic payments stopped tomorrow (due to power failure or internet sabotage) THEN our economy would grind to a halt

Back to top

The Right Wing only believe in free speech when they agree with what is being said.

IP Logged

The_Barnacle

Gold Member

Offline

Australian Politics

Posts: 6205
Melbourne
Gender: male

Re: ATO wants you to not pay tradies cash
Reply #12 - Dec 9^th, 2017 at 12:53pm

Lord Herbert wrote on Dec 9^th, 2017 at 12:45pm:

Of the last 5 jobs I've had people come in and do at my place every one of them was an Arab and a Muslim, and all wanted cash-in-hand.

It's another way of screwing this country, and it's another way of them having the money to build more mosques and finance terrorist organisations overseas.

Good work Herbie. I knew there was a way you could play the race card even in a financial thread.
Keep up the good work. I'm sure you are proud of yourself

Back to top

The Right Wing only believe in free speech when they agree with what is being said.

IP Logged

Lord Herbert

Gold Member

Offline

Posts: 34441
Gender: male

Re: ATO wants you to not pay tradies cash
Reply #13 - Dec 9^th, 2017 at 12:58pm

The_Barnacle wrote on Dec 9^th, 2017 at 12:53pm:

Lord Herbert wrote on Dec 9^th, 2017 at 12:45pm:

Of the last 5 jobs I've had people come in and do at my place every one of them was an Arab and a Muslim, and all wanted cash-in-hand.

It's another way of screwing this country, and it's another way of them having the money to build more mosques and finance terrorist organisations overseas.

Good work Herbie. I knew there was a way you could play the race card even in a financial thread.
Keep up the good work. I'm sure you are proud of yourself

Am I allowed to edit my post? Yes? Most grateful.

The 5 people who came to do work for me were all Anglo-Australians.

Incidentally, Barney, what kind of tinted person are you, or is it just that you're a homosexual?

Back to top

IP Logged

Bam Gold Member Offline Australian Politics Posts: 21905 Gender:	Re: ATO wants you to not pay tradies cash Reply #14 - Dec 9^th, 2017 at 2:14pm Lord Herbert wrote on Dec 9^th, 2017 at 12:58pm: Incidentally, Barney, what kind of tinted person are you, or is it just that you're a homosexual? You've been watching Fox "News" too much.
Back to top	You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument. IP Logged