Managing risks in a tax audit - the tax man cometh paper

Published on 06 Oct 06 by VICTORIAN DIVISION, THE TAX INSTITUTE

As the ATO ramps up the intensity of its Compliance Program, tax risk reviews, audits and disputes are increasingly important to not merely the tax specialists but to anyone doing business in Australia, including Boards, top management and shareholders. As a result, tax controversy has emerged as a specialist discipline, especially in dealing with issues at the big end of town. This paper focusses on current and emerging developments in practice, with key areas including:

• responding to the latest ATO Compliance strategies
• recent developments in legal professional privilege and other access and information gathering issues
• balancing corporate governance imperatives and practical tax controversy issues
• dealing with Part IVA issues in audits and disputes
• the impact of the review of self assessment legislation on penalties and interest.

Author profile

Michael Bersten

Michael is a Partner with PricewaterhouseCoopers Legal and is the leader of the PricwaterhouseCoopers Legal Tax Controversy Practice. Michael was formerly an ATO Deputy Chief Tax Counsel and Deputy Australian Government Solicitor. - Current at 26 July 2006

More by Michael BERSTEN

• ATO to reframe risk and relationship management with large business. - 22-September-2006
• Priority private binding rulings - whether to apply for one or not? - 03-August-2005
• Corporate governance in the financial services industry: tax specific seminar paper - 03-March-2005
• The ATO's win in the Hart case - how safe do you feel now? - 16-July-2004
• Managing Risks in a Tax Audit - The Tax Man Cometh convention paper - 01-April-2004
• The Art of Losses: Compliance and (Un)Certainty seminar paper - 29-November-2003
• The tax audit process - 01-May-2003
• The audit process seminar paper - 13-March-2003
• Tax sharing agreements - 01-February-2003
• TSA: legal and tax perspectives - 26-December-2002
• Crawling all over you: Access and legal professional privilege - 04-May-2000

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