This video covers:
- A comparative analysis of legal practitioners and tax agents for giving tax advice
- If a client requests tax advice that is considered as being "risky" is the tax advisor compelled to provide the advice sought?
- What are the issues that an adviser faces if the Commissioner disputes a transaction that has been advised on and issues a penalty assessment? What right does the trustee have? How can an advisor mitigate any potential loss from an aggrieved client?
- The potential application of other laws such as the Australian Consumer Law, Promoter Penalties, Criminal Code and the general provisions of Taxation Administration Act, will also be considered.