The tax reform measures announced on budget night in the UK set a new benchmark for a government demonstrating to the world that it is indeed ‘open for business’. Only a few years ago the UK economy – like many others in the region – was reeling from the fall-out from the global financial crisis. […]
Taxman zeroes in on cash economy
Taxman zeroes in on cash economy Small businesses operating in the cash economy are being targeted, with tax authorities tracking the credit card transactions of almost 1 million businesses. The Australian Taxation Office says data relating to about 900,000 merchants, which it will collect from the major banks and credit card providers, will be electronically […]
