Labor knew in July, months earlier than previously admitted, that ATO planned to ban credit card payments
Assistant treasurer Daniel Mulino says ‘what we did was to insist there be a transition period’. Since then government has pushed back change to mid-2027 Get our new political email , free app or daily news podcast The federal assistant treasurer has conceded he and Jim Chalmers knew the Australian Taxation Office was considering banning credit card payments in July, more than two months earlier…
Assistant treasurer Daniel Mulino admitted in July that the Australian Taxation Office (ATO) was considering banning credit card payments for tax bills, two months before the government initially disclosed. The government has since extended the ban's implementation to mid-2027 due to opposition and internal Labor criticism. Mulino stated that the ATO initially preferred to implement the ban without delay.
Despite this, they worked with the ATO to ensure a two-month transition period for tax submissions, which coincidentally coincided with the busiest period of tax submissions. Mulino and Treasurer Jim Chalmers continued to negotiate with credit card companies to lower fees, but ultimately, the ATO did not receive an acceptable offer.
The government faces criticism over its minimum 30% tax proposal on discretionary trusts, with Mulino hinting that some small businesses could face tax rates exceeding 60%.
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