New powers for the Commissioner if he is concerned you won’t pay your tax

In a new Bill before Parliament (Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019) the Commissioner gets some new powers.

First, this Bill will allow the Commissioner to retain tax refunds where a taxpayer has failed to lodge a return or provide other information that may affect the amount the Commissioner refunds. The Commissioner may retain the refund until the return or other information is provided, or an assessment is made.

And second, this Bill allows the Commissioner to collect estimates of anticipated GST liabilities. Yes he can guess what your GST on the future might be and ask you to pay it!

But neither of these methods comes close to the way the German’s do it… Pay your tax or we will take your dog! From the BBC…

Screen Shot 2019-03-01 at 5.57.44 pm

About Ken Mansell

As a stay at home Dad most of the week this is my way of pretending I am still the tax counsel of ASX and SEC listed companies, working at big 4 firms, working at the Federal Treasury, on the Henry Review and at Parliament House for the previous government.
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