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Contemporary tax fraud regulation: Part 1 – Criminal exposure

Published on 01 Apr 11 by "THE TAX SPECIALIST" JOURNAL ARTICLE

Increasingly, Australian regulators are invoking the criminal process, contemporaneously with more traditional civil recovery methods, in order to regulate tax evasion. Project Wickenby is a prime example of the increasing tendency of regulators to proceed by way of criminal prosecution. In this article, which is published in two parts, the author considers issues arising out of modern concurrent tax fraud regulation. Part 1 identifies and analyses modern indictable offences which may be alleged in a classic tax fraud context. The author observes that the relevant offences are not tax-specific and may not sit comfortably with the tax administration system. There are others which plainly appear to be much more reconcilable with the peculiarities of tax administration and thus might be seen to represent better criminal exposure to classic tax fraud. Part 2 will identify the risks associated with concurrent tax fraud regulation and suggest ways in which these risks may be mitigated.

Author profile:

Mathew Leighton-Daly

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