ATO tax debt continues to rise as SMEs cashflow pressures mount

The amount of tax that is overdue continues to rise. Over $35bn is in arrears and small-medium sized businesses owe most of it.

In 2014–15, the ATO granted over 800,000 payment plans.

This is a clear sign of the cashflow difficulties faced by businesses as a result of a banking system that favours residential mortgages over business loans.

This needs to change if our country is to prosper.