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
Before taking up the position of Second Commissioner at the Australian Taxation Office (ATO) in 2014, Andrew was a Director at the tax specialist firm Greenwoods & Freehills (for approximately 20 years), where he advised a diverse range of clients on domestic and international tax issues. Andrew's career spans over 30 years and includes periods in the Australian Taxation Office, as well as corporate and professional services organisations. Andrew was President of The Tax Institute for 2006/2007 and a Governor of the Australian Tax Research Foundation. He was a consultant or expert panel member to a number of Board of Taxation Reviews and represented the Tax Institute on ATO and Treasury Committees.
Current at 16 February 2015
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This was presented at WA State Convention.

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