27 Jun 08 Taxation Institute welcomes JCPAA's Tax Administration reportThe Taxation Institute welcomes the release on Thursday 26 June 2008 by the Joint Committee of Public Accounts and Audit (JCPAA) of its report from its inquiry reviewing a range of taxation issues within Australia (see item (40) of this edition of TAXVINE).
The Taxation Institute's President, Sue Williamson FTIA, is pleased that the JCPAA has clearly recognised how tax complexity in Australia is undermining the integrity of our tax regime and has made recommendations to rectify many problems. In particular, a number of recommendations address concerns that the Institute raised about inconsistencies in ATO compliance practices in our submissions to the JCPAA (see 2006 TAXVINE No.29 (2) (4 August 2006), 2007 TAXVINE No.28 (1) (20 July 2007) and 2008 TAXVINE No.19 (3) (16 May 2088)), such as the ATO application of judicial decisions (Recommendation 11) . There can be no doubt about the impact of the Taxation Institute's work, with the JCPAA making 31 references to our submissions throughout its report.
Members may also be interested that the JCPAA made some recommendations about issues it believes should be addressed in the Government's proposed review, Australia's Future Tax System, including the possibility of removing the need for large numbers of taxpayers to lodge tax returns and providing "structural adjustment assistance" to affected tax agents (Recommendation 7). Members should note that the first proposal was not in any of the Taxation Institute's submissions.