Published on 19 May 11
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
The ATO has begun dealing with taxpayers according to their assessment of the risk rating of the taxpayer. This new approach, together with developments in accounting for uncertain tax positions (UTP) and international developments in disclosure obligations may have far reaching implications for the level of disclosure required by taxpayers. This podcast covers:
- the new risk differentiation approach and what to expect on the basis of your rating
- the IASB’s status on accounting for tax uncertainties
- international disclosure developments and how they may impact upon Australian business taxpayers and advisers
- cooperation between UK, US, Canadian and Australian tax authorities and what this may mean in practice.
Current at 26 May 2009
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