Government cracks down on tax cheats

By Jessica Stanic · 22 April 2009 · Locked

Tax Crackdown Looms

The Federal Government is set to shake up tax laws, targeting loopholes exploited by the wealthy. But what does this mean for your wallet and the economy?

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Summary

The Federal Government is set to crack down on tax cheats, who exploit legal loopholes, in order to create more jobs and boost the economy. According to News Limited reports, the Government will target tax breaks used by the wealthy. One tax measure being considered by the Government is abolishing a loophole that allows hobby […]