tax revenue

ABC investigative reporters at work, as Four Corners exposes $50 billion ATO losses. The old joke about feeling like a mushroom, kept in the dark and fed on shit, comes to mind when considering what really goes in the halls of power. Macro corruption is the term used to describe the situation in Australia, where the amounts are very large when dirty deeds are done downunder. Scamming millions of dollars from the tax office via bogus GST claims would be an unlikely occurrence one would think. I mean, the ATO is a pillar of our whole national edifice, so it must be bristling with top line security, right? Wrong, it is a $50 billion black hole bad joke on that score.Continue Reading