Tag: Australian Economy

In everything we do to earn a living, we have a direct effect to a bigger picture. Whether we are employed in a large company or run even a small business, we pay taxes to the government. This helps greatly in the Australian economy, making us productive citizens.

In this section, you will get to have a bigger glimpse into how our individual undertakings influence the Australian economy. Every person matters and how we make ourselves functional and fruitful is proportional to how we progress as a nation.

Black Economy in Australia: How it Hurts Businesses

The black economy, also known as shadow, cash, or underground economy, refers to people who evade their tax obligations. As such, they engage in illegal, dishonest undertakings such as understatement of takings, welfare fraud, off-the-book cash transactions, false declaration of income, and a lot more. Why do business entities engage in the black economy? Perhaps […]