News

Tax is complicated by simple mistakes



30 August 2011

Professor Michael Dirkis commented on a report by the Australian Taxation Office that about 22 per cent of 2011 fiscal year returns lodged by tax agents contain simple errors.

In an interview with the Australian Financial Review, Professor Dirkis said it was not surprising.

He said it was probably due to returns being pumped through "at the factory level" by big tax agent chains, where there could be70 people with scant tax education working at the height of tax season under one registered agent.

"If people are paying $70 or $80 to fill in their tax return, that's what they're getting back - that level of service.

"If you pay peanuts, that's what you get."


Contact: Greg Sherington

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