The Billion Dollar TikTok Scandal

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The Billion Dollar TikTok Scandal. 


$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control?  


It was promoted as a victimless hack that delivered tens of thousands of dollars into your bank account. Like any hack, taking part was as simple as following the instructions. The streamlined process designed to make it easy for a small business to start-up under Australia’s self-assessment system, also made it easy for the ‘TikTok fraud’ to go viral.



“Everyone else got refunds, it's OK, it's just a temporary loan [from the ATO].”
TikTok social influencer




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