06 May 11 The Tax Institute in the media
The Tax Institute’s media release with regard to the Inspector-General of Taxation's report into the ATO's Change Program was reported in The Australian on Friday 6 May 2011: “Tax Office suffers $300m blow out in technology upgrade”. In the article, The Tax Institute says that its members remember the white-hot frustration during the implementation stage last year, but hop the report will draw a line under this episode. The ATO has shown the ability to learn from the mistakes of the change program and lift its game in communicating potential problems. The period is one that members would rather forget.
The Tax Institute was also quoted in the Australian Financial Review on Wednesday 4 May 2011: “ATO eyes fun deductions” in relation to study holidays. In the article, The Tax Institute says that the laws can be complicated and what is a legitimate deduction can be difficult to determine. Taxpayers are allowed to deduct travel costs connected to their income producing activity or self-education. Taxpayers who travel for more than one purpose should apportion their travel costs fairly and objectively.
In addition, The Tax Institute’s Senior Tax Counsel was interviewed by Channel 7 news Adelaide on Monday 2 May 2011. In the interview, he took the opportunity to discuss State tax reform issues and South Australia’s ability to lead debate in this area.