Warning to all uber drivers - make sure that you report every cent that you have earned in the 2014/2015 fiscal year to the ATO and pay all relevant taxes ...
Because the people who have our backs have just gotten a big stick and stirred up a bull ants nest (a bloody huge one) and I guarantee that Uber Drivers will now be on top of the annual ATO hit list . g00r what are your thoughts??
The funny thing is that the UBeR execs don't care because either they get back on their jets and fly back to the USA or know that they don't pay tax as they are an offshore Netherlands BV company !
Still wondering what is stopping drivers sending their money to an overseas bank account and avoid tax all together. Does Uber insist you use an Australian bank account or the bank account has to be in your name and not a relative who has an account overseas? If you can do this and have cash you need sent back to you via a third party possibly a relative?
While it opens the way to avoid paying gst and pay as you go tax it would also allow a driver to collect centerlink payment while driving as well? The ATO and government would be aware of these possiblies of course but is Uber likely to help them out in anyway to prevent this kind of abuse of the system.
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