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
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
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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