The Commissioner of Taxation, Michael Carmody, gave details of the ATO's response to the recommendations made by Tom Sherman in his report on the Private Binding Rulings System. Specifically, the Commissioner announced that, with two exceptions, the ATO would no longer be giving so-called "advanced opinions" outside the private binding rulings system. And, significantly, from the end of March 2001, all private binding income tax rulings will be published on a public data base without disclosing the identity of the taxpayer.
The Private Binding Rulings System
Author(s):
Michael Carmody
Materials from this
session:
Details
- Published On:15 Nov 2000
- Took place at:Hotel Sofitel, Melbourne
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This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
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