Reply to post: So how were they making money?

Plutus Payroll clients and staff fell for plausible business model fairy tales

Anonymous Coward
Anonymous Coward

So how were they making money?

I'm confused, easily done.

I accept it was a scam and it had been going on for some time. The bit I don't understand is how they were making money.

Here's my logic

1. $X comes in from organisation Contract Y was working for.

2. Plutus pays $X to contractor. Nothing is taken off so there's no margin.

Since contractor is getting $X which is correct, how are they skimming, was it the tax that should be paid to the Australian Tax authorities? If so, surely this would have been picked up very quickly by the ATO. I'd have thought a couple of million in taxes NOT being paid would have attracted the attention of the authorities quite quickly.

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