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ATO Warns Taxpayers to Steer Clear of Barter Credit Tax Scheme

|Approved Changes|Australia
Australia

The Australian Taxation Office (ATO) has issued a notice warning taxpayers to steer clear of tax schemes involving barter credits.

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ATO warns about barter credit tax scheme

The ATO is warning the community to steer clear of an emerging tax scheme involving barter credits.

The Australian Taxation Office (ATO) is warning the community to steer clear of an emerging tax scheme involving barter credits – a type of alternative currency used in some business networks.

A tax scheme that in…