Newsletter - September 2023

Author

This month we look at: the billion dollar TikTok scandal, the case of the taxpayer who was paid too late, and the shape of Australia’s future with an ageing population.

 

  • The billion dollar TikTok scandal

$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control? Page 1-3. Read More

 

  • The case of the taxpayer who was paid too late

What a difference timing makes. A recent case before the Administrative Appeals Tribunal (AAT) is a reminder about the tax impact of the timing of employment income. Page 3 Read More

 

  • The shape of Australia’s future

The 2023 Intergenerational Report (IGR) is a crystal ball insight into what we can expect Australian society to look like in 40 years and the needs of the community as we grow and evolve. Page 4-6 Read More


 

Quote of the month:

“Don't spend time beating on a wall, hoping to transform it into a door.”

Coco Chanel

 

Check other editions of Your Knowledge here

https://7212131.fs1.hubspotusercontent-na1.net/hubfs/7212131/andrea-cau-nV7GJmSq3zc-unsplash.jpg https://7212131.fs1.hubspotusercontent-na1.net/hubfs/7212131/christopher-burns-Kj2SaNHG-hg-unsplash.jpg