Australia: New rules target procurement black economy

15 Apr 19: Businesses seeking to tender for Australian government procurement contracts will for the first time have to show proof they have squeaky clean tax credentials under new guidelines designed to increase the integrity of government procurement. From July, businesses tendering for contracts over $4 million will be required to provide a statement from the ATO proving they have a satisfactory tax record, the Treasury guidelines say. “Increasing the integrity of Commonwealth Government procurement processes promotes good tax…