The Resource Tax governance and justified trust

Tax governance and justified trust

Label
Tax governance and justified trust
Title
Tax governance and justified trust
Creator
Subject
Language
eng
Summary
The ATO's "justified trust" approach involves the ATO 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 approach is the ATO obtaining an understanding of a taxpayer's governance and tax risk management framework in practice. This article provides: 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
Citation source
In: Taxation in Australia. - Sydney. - Vol. 52 (2017), no. 5 ; p. 261-265
http://library.link/vocab/creatorName
Grob, P
Language note
English
http://library.link/vocab/subjectName
  • cooperative compliance
  • tax transparency
Label
Tax governance and justified trust
Publication

Library Locations

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      52.37366609999999 4.9336932
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