Taking reasonable care - are we any closer?
25 May 06 |
CCH TAX WEEK
Issue: Issue 20 2006
In Practice Statement PS LA 2006/2 the Commissioner has outlined his current views concerning the administration of the shortfall penalty for a false or misleading statement by a taxpayer. In doing so the Commissioner provides some further insights into the meaning of reasonable care, a concept not defined in the tax administration legislation.
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Michael is Associate Professor of Law at the University of Western Sydney.
- Current at
01 February 2015