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

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

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 charged by the banks.

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