Www.treasury.nsw.gov .au/sites/default/fi Les/2021-04/Damien%2 0Tudehope%20med%20re L%20-%20Crackdown%20 On%20payroll%20tax%2 0avoidan.pdf

Damien Tudehope med rel - Crackdown on payroll tax avoidance on wage theft.pdf
Preview of www.treasury.nsw.gov .au/sites/default/fi les/2021-04/Damien%2 0Tudehope%20med%20re l%20-%20Crackdown%20 on%20payroll%20tax%2 0avoidan
🔗 Source: treasury.nsw.gov.au
📊 Size: 160 KB
👤 Author: Julian Whealing
⬇️ Downloads: 40

Summary

The NSW Government is introducing new laws to crack down on companies that avoid payroll tax obligations on wage theft, with harsher penalties and naming of taxpayers who underpay payroll tax. The laws aim to deter tax avoidance and minimisation, and will allow Revenue NSW to disclose information to the Commonwealth Fair Work Ombudsman to assist in wage theft investigations. Modelling estimates that 13% of Australian workers are underpaid around $1.35 billion per year, resulting in potentially millions of dollars in missed payroll tax revenue. The new legislation will enable Revenue NSW to reassess payroll tax and strengthen penalties for taxpayers who do the wrong thing, with increased penalties ranging from $11,000 to $110,000 or imprisonment of up to 2 years.

Description

The NSW Government is introducing new laws to crack down on companies that avoid payroll tax obligations on wage theft, with harsher penalties and naming of...

Technical Information

  • File Format: PDF
  • File Size: 160 KB
  • Pages: 3
  • Language: EN
  • Author: Julian Whealing
  • Total Downloads: 40
  • Last Updated: 4 weeks ago

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