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Could the ban on card surcharges lead to a rise in tax evasion?

By Md Akhtaruzzaman, Professor of Finance and Head of Discipline, Accounting and Finance, Australian Catholic University

Small businesses are still figuring out ways to deal with the ban on credit card surcharges that took effect on October 1 and are searching for ways to manage the costs.

While the ban is forecast to save consumers A$1.6 billion a year in surcharge fees, businesses continue to incur the card processing costs…

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