2023

Navigating change and uncertainty in tax policy, law and administration

Published Date:

 

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Already a Subscriber? Login now

In a world of legislative change and case law development, there is an ever-growing challenge for regulators and taxpayers to navigate and communicate uncertainty. Hear from the experts in this panel, who face this challenge about how to navigate:

  • Legal questions which are currently being litigated (e.g., s 100A of the Income Tax Assessment Act 1936 (1936 Act), Commissioner of Taxation v Guardian AIT Pty Ltd ATF Australian Investment Trust [2023] FCAFC 3 and the use of rulings and guidelines including drafts)
  • A change in interpretation from the regulator (e.g., Division 7A of the 1936 Act and sub-trust arrangements)
  • The breadth of regulator communication (e.g., rulings and other guidelines including the use of traffic lights and administrative practice)
  • The weight to be attributed to guidelines (e.g., Practical Compliance Guideline PCG 2021/4 (Allocation of professional firm profits – ATO compliance approach) and Victorian economic entitlement guidance); and
  • Development and design of legislation and changes in government policy (e.g., announcements later discontinued and interaction between state and federal taxes (such as windfall gains tax)).

Individual Session

Author(s): Paul Broderick , Miranda Stewart CTA , Louise Clarke , Paul Sokolowski CTA

Details

  • Took place at:Grand Hyatt Melbourne

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

2023

Share this page