The Deputy Commissioner, Large Business and International, Mark Konza, has released the latest edition of the ATO's Large Business Bulletin. In his welcome message, Mr Konza says:
"We have been working with the large market to develop a new reportable tax position (RTP) schedule. This schedule will be used to provide greater assurance and align Australia with international trends toward greater transparency by large businesses.
The lead article in this edition provides more detail on what the RTP schedule will involve and the guidance materials that are being developed in consultation with representatives from large business.
This edition also includes articles on the risks that attract our attention, the new practice statement for our Advance Pricing Arrangements and an update on the Lead Relationship Manager service."
For a copy of the ATO's Large Business Bulletin dated May 2011, go here