ATO debt pushing more businesses 'over the edge'

ATO debt pushing more businesses ‘over the edge’ More businesses are being driven to rescue programs as the ATO claws back $50 billion of tax debt and operating costs rise. More Aussie businesses are being driven to the brink of collapse, as the Australian Taxation Office (ATO) tightens the screws on outstanding debts. And there’s more pain to come. More than 10,000 companies are expected to enter external administration by the end of the current financial year, ASIC predicts. That …