Tax office 'bogged down by bonuses'

Wednesday 29 April 2009

Article by Mozo

This year’s tax returns are likely to be a little late in coming, as the Australian Tax Office (ATO) is too busy handing out Kevin Rudd’s $900 cash bonuses.

Many Australians rushed to their account after hearing that the bonus would be made available to everyone who filed their returns on time, with financial planners one of the only sectors to enjoy a roaring trade in recent months.

However, the popularity of the cash bonus has now overwhelmed the ATO, the Daily Telegraph reports.

"There were many political considerations in all of this – the tax office was basically told to get the money into the market place," said a spokesperson for Taxpayers Australia.

A recent survey from Fujitsu Consulting has shown that the majority of Aussies will be using the money to bolster their bank accounts or clear credit card or personal loan debts.

Many seniors polled by the group said they plan on stashing the cash in a savings account.

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