Tax Debt Financing: Why More Australian Businesses Are Replacing ATO Debt With a Business Loan
The General Interest Charge the ATO levies, estimated at $3.5 to $4.5 billion across Australian taxpayers each year, is no longer tax-deductible. Every dollar of it is now a real, after-tax cost, which is exactly why more businesses are looking at tax debt financing. If you are a business owner or director carrying ATO tax debt, this article explains what that change actually costs you, how replacing the debt with a business loan can work, and when it makes sense to do it....
