ATO Warns of Radical Change Ahead

[marcus_of_augustus]

Within two years, there is an expectation that the way businesses interact with the ATO – and by extension, the way they communicate with their agents, and the role those agents play on behalf of their clients – will be totally re-engineered.

The focus will be on real-time reporting, and new accounting systems will transmit data directly to the ATO every time a sale or a purchase is made, every time a payroll transaction goes through, every time an employee is hired or fired.

http://digitalfirst.com/2014/07/11/ato-warns-radical-change-ahead-tax-agents/?utm_source=Outbrain&utm_medium=cpc&utm_campaign=OutbrainWidget

http://norightturn.blogspot.co.nz/2014/09/the-panopticon-advances-in-australia.html

joining the dots .... the net is tightened around the sheeple for a little more fleecing

[Bitcoinpro]

they will be taking real-time bitcoin payments no doubt, though are they going to let people use capital losses as tax deductions