The new ATO Tax Receipt – Really??

Jun 24, 2014

“Starting from 1 July 2014, the majority of taxpayers will receive a tax receipt as part of the annual income tax return process. This is a new government initiative to increase transparency on how and where the government spends taxpayer money.

The tax receipt provides a breakdown of how your client’s tax has contributed towards government expenditure, and also includes information on the level of Australian government debt.”

Bureaucracy at its finest? Or yet another colossal waste of paper? Here’s a thought; issue this New Tax Receipt ON REQUEST of taxpayers only. Landfill and the environment will thank all of us for that!