A- A A+

Small businesses being crushed by the tax office

Adele Ferguson |  09 April 2018  |  News

In dealing with the ATO, I’ve never come across such a mongrel bunch of bastards in my entire life.”

Mark Freeman’s troubles with the Australian Taxation Office began in mid-2011 with an audit of Blackwater Treatment Systems, a company he set up to develop technology that would turn waste into reusable water.

The company had won research and development grants from the government’s innovation arm, it was working in collaboration with the University of NSW and had third-party support from Standards Australia.

But the ATO decided the company wasn’t eligible for the grants and tax offsets and hit Freeman with a $250,000 tax bill.



Source articles


Submit a comment

Word Count: 0

Existing comments

an informative article.
James | 30 Apr 2018


Quick Poll

Which stock will rank best


Similar articles from News

Westpac home loan expenses tests toughened to weed out liar loans

Michael Janda. 12/04/2018.

Australia's second biggest home lender is further tightening lending standards by asking more detailed questions about exactly how much prospective lo..

Mortgage rates could rise on back of high global rates

Ian Verrender. 09/04/2018.

When there's so much happening - cricket scandals, trade wars and the potential for military action - ongoing inaction generally isn't a celebrated ev..