11 Mar 11 On tax collection statistics
MEMBER 37 writes:
"I love it, $1 billion in liabilities raised. What a great headline. Oh! but wait a minute, $240 million has been collected which is half the cost of collection. With such a level of efficiency any business presenting these figures would have lost the support of the banks long ago. The ATO is lucky it has the taxpayers to bankroll them.
I am sure that the four million people who have not lodged their tax returns will have no problems sleeping tonight."