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"Very positive": Toyota wins praise as it pays back $18 million in JobKeeper subsidies


Date Time
“Very positive”: Toyota wins praise as it pays back $18 million in JobKeeper subsidies
A decision by Toyota to give back more than $18 million worth of JobKeeper payments has been described as “very positive” by one corporate law expert, as the company strives to live up to its responsibilities as a corporate citizen.
Toyota president and CEO Matthew Callachor said in a statement on Tuesday the company contacted the Australian Taxation Office (ATO) in December to arrange the repayment of JobKeeper entitlements.
Callachor said, like many businesses, Toyota faced an extremely uncertain future “when the COVID-19 health crisis developed into an economic crisis that led to dealerships closing”. ....

Matthew Callachor , Ian Ramsay , Australian Taxation Office , Centre Of Corporate Law At Melbourne University , Professor Ian Ramsay , Corporate Law , Melbourne University , Australian Payroll Association , Federal Government , ஈயந் ராம்சே , ஆஸ்திரேலிய வரிவிதிப்பு அலுவலகம் , மையம் ஆஃப் பெருநிறுவன சட்டம் இல் மெல்போர்ன் பல்கலைக்கழகம் , ப்ரொஃபெஸர் ஈயந் ராம்சே , பெருநிறுவன சட்டம் , மெல்போர்ன் பல்கலைக்கழகம் , ஆஸ்திரேலிய ஊதியம் சங்கம் , கூட்டாட்சியின் அரசு , வரி செலுத்துவோர் ,

Toyota to pay back $18 million in JobKeeper subsidies


January 13, 2021
A decision by Toyota to give back more than $18 million worth of JobKeeper payments has been described as “very positive” by one corporate law expert, as the company strives to live up to its responsibilities as a corporate citizen.
Toyota president and CEO Matthew Callachor said in a statement on Tuesday the company contacted the Australian Taxation Office (ATO) in December to arrange the repayment of JobKeeper entitlements.
Callachor said, like many businesses, Toyota faced an extremely uncertain future “when the COVID-19 health crisis developed into an economic crisis that led to dealerships closing”.
Toyota became eligible for JobKeeper in mid-2020 when its revenue fell by 50 per cent. But, in the fourth quarter of 2020, the car manufacture sold 66,000 vehicles, which was 30 per cent more than the same period in 2019, according to news.com.au. ....

Matthew Callachor , Ian Ramsay , Australian Taxation Office , Centre Of Corporate Law At Melbourne University , Professor Ian Ramsay , Corporate Law , Melbourne University , ஈயந் ராம்சே , ஆஸ்திரேலிய வரிவிதிப்பு அலுவலகம் , மையம் ஆஃப் பெருநிறுவன சட்டம் இல் மெல்போர்ன் பல்கலைக்கழகம் , ப்ரொஃபெஸர் ஈயந் ராம்சே , பெருநிறுவன சட்டம் , மெல்போர்ன் பல்கலைக்கழகம் ,