Risk management is for everyone paper

Member Price: $57.00

Non Member Price: $75.00

Publication date: 26 Aug 06

Source: WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE

Abstract:

Tax risk management is more critical today than ever before. Whether you are an inhouse counsel or a professional adviser, getting it wrong has implications far beyond the hip pocket. This paper outlines risk management strategies for larger corporates and professional advisers:

  • risk management - what it means
  • applying it to business
  • applying it in your practice.
It also deals with issues such as ensuring you have appropriate processes, systems, documentation and record keeping in place. Should you seek that Private Ruling or do you have a Reasonably Arguable position - have you even made a considered choice? What happens if you get it wrong?

Author profile:

Author Photo - Andrew Mills CTA-Life
Andrew Mills CTA-Life
Andrew commenced in the role of Second Commissioner in March 2014. Andrew has overall responsibility for the ATO’s law practice, including law interpretation, dispute resolution and the ATO’s role in policy and law design. Andrew has over 30 years experience in taxation including periods in the ATO, commerce and the tax profession. Andrew was a Director of the specialist national tax firm, Greenwoods & Freehills for over 20 years and Managing Director of the firm from 2006 to 2011. He has advised clients from large multinational businesses, small and medium enterprises, as well as superannuation funds, charities and individuals. Andrew was the 2006•2007 President of The Tax Institute, was a Governor of the Taxation Research Foundation and also represented industry bodies across a number of sectors.
Current at 07 October 2014
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This was presented at WA State Convention.

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