Risk management is for everyone paper

Member Price: $55.00

Non Member Price: $71.01

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 is a Director of tax specialist firm Greenwoods & Freehills, where he advises clients on a range of domestic and international tax issues, primarily in the financial services sector. His 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 2006/07 and was a member of the expert panel to the Board of Taxation's Review of the Taxation of Managed Investment Trusts and the Review of Collective Investment Vehicles.
Current at 02 July 2012
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This was presented at WA State Convention.

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