Published on 01 Nov 17
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The ATO’s “justified trust” approach involves the A TO obtaining assurance that the correct tax is being paid by large taxpayers. The approach is being implemented through a number of different programs, such as the “key taxpayer engagement” approach and the Top 1,000 Tax Performance Program. A key part of the justified trust appr oach is the ATO obtaining an understanding of a taxpayer’s governance and tax risk management framework in practice. This article will provide: an explanation by the ATO of the justified trust approach and how it is being put into action across the different programs; an explanation from the ATO of how the ATO governance framework is practically used within reviews; and practical experiences from advisers and corporates about how large business can implement the governance principles in practice.
Patrick Grob, CTA, is a Partner in
Deloitte’s Financial Services Tax practice
and Queensland market leader in their
Tax Management Consulting practice,
specialising in tax strategies, tax risk
management, tax technology solutions
and tax transformation projects. Patrick
brings a practical and commercial
approach to working with clients. He
has over 20 years of financial services
experience working within corporate
group tax teams in Australia and the UK.
Prior to joining Deloitte in 2015, Patrick
was Head of Tax at Suncorp, where he
had responsibility for all tax compliance,
reporting and advisory obligations
across Australia and New Zealand.
- Current at
01 November 2018