Posted @ whirlpool - ILCF pt11

It's going to stop the ATO from collecting funds and/or add immense costs to everyone meeting ATO obligations.

I doubt it. The current ATO portal/certificate system for BAS and PAYG etc if not merely "whitelisted" is destined to be taken to a new level down the track as per usual "keeping up with technology", anyway.

If anything, the client/ATO relationship is probably easier and better (and now a long way from the "us and them" of old – tis just like doing online banking these days) than it has ever been thanks to the portal system, and I for one can only see it getting even better regardless of ILCF.

(Some) banks already offer business clients VPN/securid token access ... maybe this is the path the ATO may take in the long run as well. Dunno, don't care, I just reckon that the ATO will remain on their current path of making it as easy and cost effective as possible for Oz income earners to pay their taxes.

Still, feel free to count "the ATO won't be able to easily collect taxes" as one of the arguments against ILCF ... :)

regarDS