The consequences for making statements and taking positions to the ATO which are not reasonably arguable can be severe in terms of both understanding the strength of your position and penalty exposures. This session will explore:
- Whatis a reasonably arguable position
- Objective assessment of facts
- Reasonably arguable position versus private binding ruling
- How to evidence your reasonably arguable position
- Strategic advantages of having a reasonably arguable position
- When and how to use a reasonably arguable position to best effect; and
- The role of advisers and corporate governance in ensuring a reasonably arguable position exists.