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03 Oct 14 Preamble - 3 October 2014

The Tax Institute continued our ongoing engagement with key stakeholders this week, including key Federal MPs during the current Spring sittings of Parliament.

We met with both Government and Opposition MPs to discuss a range of tax matters of interest to both them and, of course, the Tax Institute. Topics included: 

  • the need for financial planners providing tax advice to have appropriate tax and commercial law qualifications;
  • Tax White Paper latest: scope/coverage, timing, key reform topics;
  • Federation White Paper: revenue challenges for States, GST distribution;
  • G20/BEPS issues: domestic law changes/need for concerted international action; and
  • ATO Portal frustrations/ELS to SBR: the ongoing importance of the tax professional in an environment of moving towards more pre-filling/automation.

We look forward to continuing these discussions over the months ahead and, as always, welcome member input into our activities. 

The Tax Policy team may be contacted via taxpolicy@taxinstitute.com.au

Kind regards,

Robert Jeremenko CTA