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carlos spicy wener
15-07-2011, 01:18 PM
saw this on SAUWA and thought it would be of interest, as many of us use ebay often.

basically the government has a growing interest in how much we buy and sell online, and it shows the desire they have to control and essentially tax all transactions.
seems like another outlandish stunt to some, but i welcome the move in a bid to stop tax evaders and the like.

copy and pasted:

The Australian Taxation Office (ATO) and Centrelink have each advised eBay that they will be issuing formal requests for information relating to sales by Australian eBay members who sold over $20,000 worth of goods on eBay.com.au during the tax year ending June 2011.
The ATO and CentreLink have indicated that they will request the following information in relation to affected sellers:

* Contact name
* Address
* Telephone number
* Email and IP address
* User ID
* Date of birth
* Date of registration on eBay
* Monthly and annual sales volumes and value
* Power seller status
* eBay store status

eBay is legally required to comply with these requests for information. In addition, such disclosure is also permitted pursuant to our Privacy Policy. We confirm that disclosure will be made to the ATO by August 1 2011 and in accordance with Centrelink’s required timeframes. eBay may also be required to provide available bank account information.

For further information regarding the ATO or Centrelink, please visit www.ato.gov.au or www.centrelink.gov.au. Those affected sellers may also wish to consult with their professional legal or tax adviser.

Regards,

The eBay team
Ryan1080
15-07-2011, 01:22 PM
It's been on their to do list for years.

I reckon it's a good thing. If you sell a crap load on the net, and it looks like a business, then pay tax on your profits, simple.

Regular Joe selling shit occasionally shouldn't worry.
RELEASE
15-07-2011, 01:24 PM
its been happening for at least a couple years that i am aware of.
a mate got done for his selling of new car products via ebay and not claiming the sales, tax, etc.

ATO tore him a new one...
Alt_F4
15-07-2011, 01:25 PM
You mean I can't sell 80K p/a worth of goods tax free and still get the dole?
That's bullshit
Buckets
15-07-2011, 01:44 PM
You mean I can't sell 80K p/a worth of goods tax free and still get the dole?
That's bullshit

Why the fuck not drug dealers have been doing it for years
TJ
15-07-2011, 01:50 PM
Sell 2 cars a year, no worries.

Sell 2 a week, start worrying.

Time to edit your account details boys.
Mistikal
15-07-2011, 01:52 PM
Or just have multiple accounts...
Ryan1080
15-07-2011, 01:58 PM
Or just have multiple accounts...

Multiple paypals? Multiple bank accounts?

They'll still find out. Their data matching is quite sophisticated.

Short of setting up a bank account in a fake name, or maybe doing cash sales on your ebay account, not a chance.

Having said that, this looks promising!:
http://www.bitcoin.org/
AMPERAGE
15-07-2011, 02:09 PM
^^ Be careful with bitcoin, there was a TIME magazine article about the currency recently.

http://www.pcworld.com/article/234890/faked_bitcoins_caused_price_crash_exchange_reveals .html
Turbo2.6L
15-07-2011, 02:51 PM
ATO can suck my balls!
matty12
15-07-2011, 03:05 PM
say you buy a whole of new shit somewhere for say $50 000, then sell online for $30 000 secondhand, can they hit you up then??

If so, claim as a loss in your "business"???
Ryan1080
15-07-2011, 03:15 PM
say you buy a whole of new shit somewhere for say $50 000, then sell online for $30 000 secondhand, can they hit you up then??

If so, claim as a loss in your "business"???

This is actually something similar to what cashed up people have been doing when they buy their Lambos and Fezzas... they get a dealer's license, buy the car brand new, don't pay LCT as it has not yet been sold (considered as inventory), drive it for a while, then they sell it for less, claim a loss, pay less LCT than they should have, and profit from tax savings! Or something to that effect...
fsbk
15-07-2011, 03:34 PM
maybe i'm missing the point, but wouldn't the ferrari factory question why they are selling a brand new car to a dealer who doesn't have any inventory/business location?
Ryan1080
15-07-2011, 03:36 PM
maybe i'm missing the point, but wouldn't the ferrari factory question why they are selling a brand new car to a dealer who doesn't have any inventory/business location?

I don't know the precise details, but it is a well known LCT loophole:

http://afr.com/p/national/luxury_car_rort_spurs_tax_debate_lmnqOn6ZfNFQoxZOM EGE5N
Lonewolf
15-07-2011, 03:38 PM
i would expect so, but everything still needs to be registered etc with the ATO.
I think this is a good thing
fsbk
15-07-2011, 03:46 PM
I don't know the precise details, but it is a well known LCT loophole:

http://afr.com/p/national/luxury_car_rort_spurs_tax_debate_lmnqOn6ZfNFQoxZOM EGE5N

haha far out what clever little fellows
Buckets
15-07-2011, 04:01 PM
I don't know the precise details, but it is a well known LCT loophole:

http://afr.com/p/national/luxury_car_rort_spurs_tax_debate_lmnqOn6ZfNFQoxZOM EGE5N

That may have been what the bloke in Sydney who bought the orange Koenigsegg as a demo but just never seemed to sell it. What an awesome loophole. Who wants to set up a dealership and have a "demo" Veyron / AM Zagato / Zonda :)
fsbk
15-07-2011, 05:34 PM
is it illegal ie tax evasion or a hole in the policy and you can't be charged with tax evasion?
Ryan1080
15-07-2011, 05:57 PM
I think it's a loop hole.
Drift_R32
15-07-2011, 06:02 PM
fucking ATO, if they arent making enough off people as it is..

making it fucking hard to spend your hard earned off the books cash money.
YOUR MATE
15-07-2011, 06:19 PM
I'll just sell my stolen shit on Gumtree.