Published on 13 Mar 13
by NATIONAL DIVISION, THE TAX INSTITUTE
Like professional negligence, tax fraud is not something that a practitioner normally expects to be involved in or accused of. However it can happen particularly in a “guilt by association” situation or where a client points the finger of blame to reduce their own level of blame. This paper covers:
common misconceptions and fallacies
identifying and being wary of potential indicators
Saxby: Even a simple objection can create an exposure
the access of the ATO to previously unavailable sources of information particularly from secrecy/tax havens and everyday sources
increased risks for professional advisers who are caught up in dodgy transactions, including heavier sentencing than five years ago
are juries more prepared to join up the dots in tax fraud cases?
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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