Miscellaneous 2023

Tax practitioner perspectives on selected 2019 TPB Review recommendations

Source: Australian Tax Forum Journal Article

Published Date: 1 Mar 2023

 

With the release of the Review of the Tax Practitioners Board and TASA 2009 (Treasury, 2019) and the government response to the Review (Treasury, 2020), this study gathers empirical evidence on tax practitioners' perceptions of the recommendations concerning the TASA 2009 Code of Professional Conduct, investigations and related sanctions. Via a survey methodology, this study reveals that tax practitioners generally support a more dynamic Code of Professional Conduct, albeit with indicative caveats. However, where support was found for commencement of investigations, findings suggest strong reservations around emoving limitations and the time limit around investigations. Generally strong support was found for new and increased sanctions, however, there was more diluted support for the publication of sanctions, a new administrative penalty regime and for extending safe harbour protections. From a practical perspective, this research provides guidance on future tax policy and potential legislative amendments by contributing to the agenda of the Tax Practitioner Governance and Standards Forum and the Professional Standards Council. It also has direct implications for the Code of Professional Conduct and the likely acceptance of new penalties and investigation procedures by practitioners. Theoretically,the study answers a call for further research into tax practitioners' attitudes and behaviour, and adds to the limited existing empirical literature in this space. This research potentially breaks new ground in determining whether the recommendations will achieve their objectives.

Author(s)

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

Already a Subscriber? Login now

Details

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))

("TTI")

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.

Tags

Miscellaneous 2023

Share this page