Money magazine Comments - Why the ATO is checking your Facebook page The tax office has taken to monitoring social media to find out who is going on holidays and who is paying a child's school fees as it tightens the net on seemingly wealthy Aussies who then cry poor at tax time. https://www.moneymag.com.au/feed/latest?story=141414801 Thu, 16 Mar 2017 08:58:27 +1100 Thu, 16 Mar 2017 08:58:27 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Why the ATO is checking your Facebook page https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Chris ()

So, if I earn money from gambling at the TAB and I'm really good at it (but it is only a hobby, NOT a business - because in the latter case, I doubt they would let me deduct my losses !) or if I got given that money from my relatives over a number of years and saved it, then how do they expect me to prove that, because there's no receipts involved ?!

If I give my wife all the money that I earn and she pays the bills (because it's easier that way), it will be a convoluted exercise for not much gain if they wanted to audit that...and if I earn the money and choose to send my kids to a private school (which, in itself, doesn't mean I am wealthy, it just means that I give up things like a new car, holidays etc. to give my kids the best start I can in life), it's none of their business, frankly.

They should spend their time going after those companies who have 'convenient' tax arrangements in other domiciles for millions / billions in tax, rather than hard working battlers who perhaps put a zero in the wrong place.

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]]> Chris () Thu, 16 Mar 2017 08:58:27 +1100 Comment by just a thought ()

+1

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]]> just a thought () Tue, 21 Mar 2017 04:06:50 +1100