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 Commission at the Australian Tax Office (ATO) Andrew was a Director at tax specialist firm Greenwoods & Freehills (for approx 20 years), where he advised clients on a range of domestic and international tax issues, primarily in the financial services sector. 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. He represented the Tax Institute on a number of different ATO and Treasury Committees 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 25 February 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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