ATO to explain why TikTok GST Scam Results In $2 Billion Loss For Australian Taxpayers

Investigations into the scheme have revealed a sophisticated operation that involved unscrupulous actors exploiting the GST refund system. Perpetrators manipulated transactions and data on the TikTok platform, allowing them to fraudulently claim refunds on GST payments that were never made in the first place. The Australian Taxation Office has “a lot of questions” to answer after a fraudulent scheme promoted by social media influencers.

Sources:

• thenewdaily.com.au
• bloggingbigblue.com

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