Lets talk logic shall we? If there is a tax debt to be repaid, whether it be personal or business, it means that entity has made a $h!tload of income it hasn't paid enough tax on, or is required to pay tax on.
Your swipe on minimising tax or negative gearing is moot to non valid - of course these are great, but these are applied BEFORE the requirement of taxation. So your debt is debt on income with these deductions already applied. If you can't put $$ away for tax and a rainy day, then you are insolvent.
With regards to your daughter coming back from where ever, working, living etc away from Australia, then waltzes back here and putting the hand out to tie her over, then it appears the apple hasn't fallen far from the tree.
pinkboy
I too think that people who whinge about the tax system and how high it is to be a bit of a doofus. If you dont like it, move country or get a job that pays less so you less tax
that being said, if you are paying tax, you are earning $$$, its actually a good problem to have, id rather be paying tax and earning, then not earning and paying zero tax
that being said, putting emotional terms like 'bloodbath' aside. Thats like going to a restuarnat, ordering a steak and then saying 'omg, the waitress killed and slaughtered us by giving us the bill' aside, for small businesses sometimes cashflow is poor, sometimes managing cashflow is poor. however ultimately its your responsbility and the government is not ganging up on you.
Tax means that a profit was made, if you spent the profit on a new car, then pay up
if you spent the profit on paying an old debt back, then pay up
if you spent the profit on further investing in your business, then pay up
if the profit was stolen or defrauded, then my full sympathies