ATO targets punters club
Link to very interesting article
Yep time to pay your taxes b4 you leave the country.
When any incorporated business has a sole income from gambling, they are going to be targeted by the ATO, especially if they employ people, and have turnovers worth the ATO intervention (ie $200,000 plus.) The ATO do not chase (possible) offenders, unless the Legal action is funded by a possible return. I am certain that for at least 99% of people on this site, that is not the case. Lets get real here. How many punters/tipsters on this site earn their whole yearly income from punting or selling tips? duh! And anyway, all tipsters pay GST, courtesy of PP. Which is more than you pay if you win Tatts.
David Walsh (et al) is a brave man, clearly he has chosen to live by the sword.... and you know what happens to people like that :)
Did i do something wrong??
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