Tax risk management presentation

Member Price: Free

Non Member Price: $15.00

Publication date: 05 Nov 04

Source: NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

Abstract:

This paper looks at how to deal with tax risk - looking at matters in respect of corporate governance, managing resources and relationships and staying in a job, from the perspective of internal tax managers. Including:

  • Position of Directors and other Officers
  • Position of internal tax managers and staff
  • Position of external Tax Advisors
  • Getting the most out of the relationship between internal and external advisors
  • Getting the most out of the relationship between internal advisors and the ATO relationship managers
  • Dealing with Treasury (law change)
  • Getting the most out of the relationship between internal advisors and external auditors
  • Getting the most out of the relationship between internal advisors and internal auditors - a report card
  • Importance of a Corporate Values System
  • Role of voluntary disclosure
  • What tax issues should be referred to the board?
  • What tax issues should be referred to external advisers - accountants, solicitors, barristers, valuers?
  • How do you advise the board?
  • What do you really need?
  • What is really at stake?

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
Click here to expand/collapse more articles by Andrew MILLS.
 

 


This was presented at NSW Annual Intensive Retreat: Managing tax risk for corporate taxpayers.

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