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19 Sep 14 Preamble - 19 September 2014

On 18 September Tax Institute President, Michael Flynn CTA, and Vice-President, Stephen Healey CTA, joined me at the ATO’s quarterly National Tax Liaison Group meeting. 

The NTLG is the ATO’s peak consultative group on tax matters. Noting the importance of an efficient, well-designed and administered tax system, the NTLG drives improvements to:  

  • tax law interpretation, administration, design and policy; 
  • confidence in and compliance with the tax system; and 
  • ATO service delivery. 

At this meeting we discussed many issues with the ATO and Treasury, including:

  • progress of announced tax measures;
  • Australia's 2014 G20 Presidency and OECD BEPS latest;
  • planning for the future of the tax practitioner/ATO relationship re tax system modernisation;
  • managing impact of changes in ATO and Treasury operations due to redundancies;
  • progress of Project DO IT;
  • tax Transparency (public disclosure of tax information of large companies);
  • capacity for increased use of safe harbours to decrease compliance costs;
  • ATO-wide activities in relation to red-tape reduction;
  • review of public advice and guidance products; and
  • use of Taxpayer Alerts.

The minutes from this meeting will be published on the ATO website in the coming weeks. I would be pleased to discuss any of the above with interested members; please be in touch via taxpolicy@taxinstitute.com.au 

Kind regards

Robert Jeremenko CTA