At this meeting we discussed issues with the senior leadership of the ATO and Treasury, including:
review of ATO advice and guidance:
- exploring the concept of ‘enabling’ ATO guidance, to facilitate mutual risk mitigation and allow for more useful guidance - sunset clauses, restricted reliance to classes of taxpayers and/or conditions on reliance (such as reporting / attestation requirements);
- a project led by the Tax Institute to review and clean-up (initially part of) the existing suite of ATO advice and guidance;
- identifying ways to increase timeliness of administrative or policy-based responses – how best to raise the ‘on the horizon’ issues;
- the impact of possible compliance strategies on the ATO/taxpayer relationship and how the profession can foster willing participation;
- progress of announced tax measures;
- update on Tax White Paper & Federation White Paper;
- the latest re the OECD BEPS projects and Forum of Tax Administration;
- the Senate Economics References Committee’s Inquiry into tax avoidance and aggressive minimisation by corporations;
- post-implementation review of the ATO Consultative Model in 2015;
- review of effectiveness of current NTLG structure;
- confidentiality in consultation; and
- red tape reduction initiatives – safe harbours & importance of private sector efforts in reducing its own red tape.
The minutes from this meeting will be published on the ATO website in the coming weeks. I would be pleased to discuss any of the above with interested members; please be in touch via Tax Policy.