ATO credit card payment ban for small business: Owners outraged as government touts surcharge ban
Small business owners in Australia are protesting the Australian Taxation Office's decision to ban credit card payments for tax bills starting December 1. Business owners argue this removes a vital cash flow tool and places an unfair burden on struggling enterprises.
Why it matters
This policy change impacts the operational liquidity of small businesses, sparking a debate about government support for entrepreneurs during economic hardship.
- 10.44pm . First published at 10.21pm
shares Share article A restaurant owner says small businesses in Australia have reached breaking point, and has called out the Australian Taxation Office’s move to ban credit card payments as the latest punishment.
The ATO is standing firm on a decision to refuse credit card payments for tax bills from December 1, despite a meeting with 20 different business groups on Wednesday.
Nahji Chu claimed small businesses can’t keep absorbing price rises and cost of living pressures. Today
A Sydney small business owner now says the perceived lack of support from the government and other organisations could lead to entrepreneurs exiting Australia .
In an impassioned plea on Today, Nahji Chu – owner of Lady Chu, a chain of inner Sydney restaurants – said small businesses did not have any room to absorb more cost increases.
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2 other newsrooms covered this event. We read each version separately.
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