Tuesday, November 18, 2025

More and More Young People Disengaged from Work and Social Contact

Resort owner Yong Huang accuses tax office of 'reckless' action over debt

An embattled Gold Coast hinterland resort owner has hit out at the ATO, accusing it of taking ‘aggressive’ action to recover debts from businesses like his.
Yong “Peter” Huang launched the broadside after the tax office moved to wind up his company Kooralbyn Resort Pty Ltd over a multimillion dollar tax debt.
The Brisbane real estate mogul also likened himself to Donald Trump in his bid to save the company by placing it in voluntary administration, ahead of a wind-up hearing in the Federal Court on Wednesday.
Mr Huang placed Kooralbyn Resort in voluntary administration last month after the ATO moved to liquidate it.
An administrator’s report released last week revealed the company, which operates the 327ha Kooralbyn Valley Resort in the Scenic Rim, had debts of almost $15.5m – including $4.43m owed to the ATO – and assets of up to only $863,000….
Mr Huang said placing the resort company into voluntary administration, and “restructuring the Covid-era ATO tax debt” through the deed of company arrangement, would protect the business and jobs of almost 50 staff.
“This puts the resort in an even stronger position going forward — similar to what Donald Trump successfully did six times in his career under Chapter 11, which works much like Australia’s VA system,” he said.
“This is not receivership, liquidation, or bankruptcy. This is a legal debt restructure, with the ATO and my related companies to protect jobs and stabilise the business.”
Mr Huang said he had “strong support” from a majority of creditors for the DOCA which will be voted on at a meeting on Tuesday.

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The Tax Practitioner's Board (TPB) has cancelled the registration of tax agent Denis Yeo and his company Coolah Tax & Accounting after Yeo failed to adequately supervise and control an unregistered preparer.
Over three years, Rindfleish lodged BAS, income tax returns and JobKeeper forms on behalf of clients and directed almost $1 million in funds to bank accounts under his control. The TPB said that the misappropriation had caused “significant harm” to clients and damaged trust in the tax system.


Put wings on your car. “We call it a private jet for tax reasons really. Private jets don’t pay duty on fuel, so by adding wings to the vehicle, we should qualify for the same exemption.”


The Biometric Payment Revolution You Never Agreed To Reclaim the Net. Consumers need to say no. I refuse face scans at airline gates. Stuns me that no one else does. 


Critics Call Proposed Changes To Landmark EU Privacy Law ‘Death By a Thousand Cuts’ Reuters


Redmond turns off Flock Safety cameras after ICE arrests Seattle Times 


More and More Young People Disengaged from Work and Social Contact

Unemployment among young graduates has hit a sustained high level in many countries, which will produce further social and economic harm.



Inside London’s Smallest Apartments YouTube (resilc). ZOMG. The pricey one near Hyde Park looks to be in Belgravia. 


Reverse mortgages edge up as US economy squeezes older Americans Financial Times


Is This The WORST TAKE On The Affordability Crisis? Young Turks, YouTube. It’s gratifying to watch Ben Shapiro self-destruct. 


Even ICE Is More Popular Than Congress Now, Says Brutal Poll New Republic 


How HR Took Over the World Economist. The Economist catches up with what a colleague has been complaining about for years, rule by HR ladies.


Cities Panic Over Having to Release Mass Surveillance Recordings

Time to cheer a legal win against the surveillance state, here the use of massive spycams by a vendor called 


Cloudy Data, Costly Deals: How Poorly States Disclose Data Center Subsidies

Good Jobs First: “In the past year, four the biggest tech giants, Amazon, Google, Meta and Microsoft, spent an estimated $360 billion on capital expenditures, mostly building data centers across the U.S.; even more investment is projected in the next several years. Most of that will be spent on purchasing building materials and specialized equipment, such as chips, cables, and industrial-sized generators. 

In at least 36 states, those purchases are exempt from sales and use taxes under incentive laws specifically crafted for the industry. This makes the data centers one of the most subsidized industries in the country. And yet, despite these subsidies costing states billions of dollars in lost revenue annually, the lack of transparency into what companies are getting what and where, and what communities are getting in return, is shocking.

 A few states have computed their returns on taxpayer investments: they have determined that they lose between 52 and 70 cents for every dollar they spend on data center sales tax exemptions. Given drastic federal austerity that will significantly harm state and local budgets, states need to seriously consider ending or reducing such tax breaks (since states legally enable and regulate them)…”