11 Feb 11 Taxation Institute in the media
As discussed above, the Tax Institute issued a media release on Thursday 10 February regarding the agreement on the policy principles underpinning the regulation of tax advice given by financial planners. Our comments were reported in the Australian Financial Review on 11 February "Devil in detail on planning reforms", where we added that tax advice is complex and should be given by tax advisers with qualifications that you don't find at the bottom of a cereal box.
The Tax Institute was also quoted in the Australian Financial Review: "Crunch time in court: ATO wins cracker of a case" on Wednesday 9 February 2011 on the problems caused by complexity in tax laws.
The Tax Institute was also referred to in The Age: "Tax Office shift signals war with private equity may be near an end", the Sydney Morning Herald: "ATO tells firms to fess up about investors in tax row" and Business Spectator: "ATO backing down on offshore tax hunt" on Thursday 10 February 2011, in the context of ATO Deputy Chief Tax Counsel, Des Maloney, discussing private equity and the ATO's approach at the Tax Institute's Corporate Tax Club breakfast in Melbourne.
Smart Company quoted the Tax Institute on Thursday 10 February 2011: "ATO reveals key targets for new GST crackdown". In the article, we say that the changes in the regulatory framework around property may have also boosted the ATO's focus on the issue.