Transfer pricing Tax administration 2014

The ATO response to the IGT make haste slowly

Source: Taxation In Australia Journal Article

Published Date: 1 Aug 2014


In June 2014, a report by the Inspector-General of Taxation (IGT) on the Australian Taxation Office’s (ATO’s) management of transfer pricing matters was released. The report made 18 recommendations. The ATO “agreed” with 17 in whole or in part or in principle. This article examines the IGT report and the ATO’s response to it, and finds that that response is unfortunate in some respects, in that six of the IGT recommendations have been agreed to only in part and there are no agreed timelines to address others. There is concern at the failure of the ATO on a number of fronts, including its failure to agree to allocate decision-making power on all transfer pricing compliance activities to transfer pricing specialists, and its failure to commit to a timetable within which it will evidence a “sense of proportion” to transfer pricing matters in the case of smaller and low-risk taxpayers.

Sorry, this is subscriber only content.

To gain access to this material and much more - Subscribe Now.

(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).

Already a Subscriber? Login now


The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))


The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.


Transfer pricing Tax administration 2014

Share this page