Looks like someone just made a helluva tax payment.
According to CCH:
“A tax contribution by one unnamed company had a significant impact on the federal budget deficit which has come in $5 billion better than expected.
The final budget outcome for the 2008/09 year was a deficit of $27.1 billion instead of the $32.9 billion deficit forecast in the May budget.”
We wonder who this was? Telstra? Google? Oh to be a fly on the wall in the tax department and see this tax return. Let the rumours run rampant!
We love Swanny’s quote: “”Well, there was one very large one-off tax payment,”
Read the rest of it here at CCH.
Taxabull team.
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