ATO Ban on Credit Card Payments Sparks Business Opposition
The latest in this situation
How it started
What happened
The Australian Taxation Office stopped accepting credit card payments starting December 1. This ban on credit and debit card surcharge fees for consumer transactions has drawn criticism from Australian business groups. These groups are calling on the ATO to reconsider the policy change.
From perthnow.com.au
Why it matters
Small businesses warn that the ban could cause cashflow problems. Opponents argue that these costs may be passed on to consumers, potentially resulting in higher prices for restaurant meals and takeaway coffee during a period of high inflation.
From perthnow.com.au
Who's involved
- Australian Taxation OfficeImplemented the ban on accepting credit card payments.
- Australian Chamber of Commerce and IndustryIs actively opposing the ATO's policy change.
- Business Council of AustraliaIs united with the Australian Chamber of Commerce and Industry to exert pressure on tax reforms.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Australian Chamber of Commerce and IndustrySpeculative
Small businesses might face cashflow problems due to the ban on credit card payments.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Business groups may pressure Albanese over ATO's credit card banAlbanese's government faces strong political pressure over ATO's credit card banLikely
- Business groups may pressure house of representatives over ATO banHouse of representatives faces pressure as business groups lobby against ATO banPossible
How it developed
Newest first. Tap a step to see who reported it.- Industry leaders requested government intervention after an ATO policy change prompted surcharge cost coverage.Sub-event
ATO ban draws criticism from Australian business groups.1 source
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The entities involved
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Australian Taxation Office
Australian government statutory agency and the principal revenue collection body
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Australian Chamber of Commerce and Industry
Australian business organisation