12 Aug 11 More on TFN reporting
MEMBER 144 writes:
"Re new TFN reporting. It never ceases to amaze me how all levels of bureaucrats/public service make simple tasks impossibly difficult. Surely the simplest way to address the TFN issue for trust distributions is to issue an assessment to a trust that lodges a tax return showing a beneficiary without a TFN. No extra work for anybody, all tax assessed (ie no reliance on an inefficient ATO matching system) and a reduced ATO payroll which will benefit the economy."