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 is Second Commissioner at the ATO with overall responsibility for the ATO’s law practice, including law interpretation, dispute resolution and the ATO’s role in policy and law design. Prior to joining the ATO, 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•07 President of The Tax Institute and was a Governor of the Taxation Research Foundation. He was instrumental in the business tax reform process and also represented industry and professional bodies in a number of committees and consultations. Andrew was a member of the Board of Taxation Advisory Panel from 2009 and acted as an expert panel member and consultant to a number of reviews.
Current at 03 July 2014
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