AdSponsored0:00
Continue watching?
Resume from 00:00
00:00 / 00:00
Sleep timer ended
⏪ 10s
⏩ 10s
1.9K views
1mo ago
Treasurer Jim Chalmers has confirmed the tax office will delay its ban on credit card payments. The ATO had said it would stop accepting credit card payments fo…
...more
19 Comments
The tax payer paying the ATO surcharge to the banks what a joke.
Govt foot the bill by using tax payers money? 😂
Worst government ever.
Right so tax payers will now pay for all surcharges for the ATO. Which is already tax payer funded. Businesses have also put their prices up around 10%. So we are paying 10% more on everything PLUS we are paying more to the ATO to pay all surcharges. All of which will add to inflation and home owners will get a rate hike. So it’s now costing us waaaay more than what the surcharge was. The charges should be banned as advertised which means not paid by anyone
These clowns can't even get this right!
WTF
Notice something very important : all businesses pay this surcharge fee because that's how Visa & other credit card companies make money, there was no plan or discussion about dealing with this directly, instead, it was just announced & assumed that either businesses would pay this & lose money, or it's just pushed onto customers....then the government's own tax office deciding not to accept credit cards......no discussion.<br><br>What else will be pushed onto us as a "change of position"?????
Why the hell are the banks allowed to apply a SECOND gst tax of their own, on EVERY business card charge via their fees. This is the main reason that the business are charging this is to pass on the banks fees to the consumers.
The surcharge discussion has been going on for over a year. Neither the ATO, nor the government saw this coming. Wow!
What an own Goal; how can you ban the number one used payment system. <br>As a business owner I often need to pay bills with my cc as I’m still waiting on clients to pay me for the work
the circus continues
This government is a disaster.
What bill - the fee was supposed to disappear
Wonder why the country is broke?
This isn’t public feedback, it is business feedback and as usual, with all things tax, the government has folded. Why the ban anyway? Simply add a surcharge covering the percentage to the payers bill. This type of surcharge is used on the public by many businesses not wanting to foot the credit card percentage during a transaction. If business can do that so can government. Stop wasting taxpayers money on business that has made a poor payment choice. While you at it, tax the gas.
Ah yes, “small business” (aka big business) get a break while the rest of us get screwed. Standard stuff.
Why do banks need to charge transaction fees? Just stop banks from getting a cut of the hard work of the public and the businesses we chose to deal with. It’s a rort, people pay annual credit card fees to cover the admin costs of credit cards. It’s double dipping.
Go Albo, you are the hero. Feedback loud and clear with no consultation
More government expenditure of taxpayers' money!! <br>$100,000,000 to the ATO to cover wealthy banks' merchant fees for using credit card services until July 2027 but can't cover costs by surcharges because of RBA decision! How much money have taxpayers got for this government to spend? 😮 <br>"The ATO incurs significant merchant fees, estimated at nearly $200 million annually. These costs would need to be covered by taxpayers if the ATO continued to accept credit cards.<br>Surcharge Ban: The decision aligns with the Reserve Bank of Australia's recent ban on card surcharges, which requires businesses to ABSORB transaction fees rather than passing them on to customers."<br>Businesses are just increasing prices to cover their costs, not absorbing them. The ATO can't do that unless the government increases taxes.
From this channel
