05 Aug 2009

Tax Administration

by Darren

I have just completed a course entitled Tax Risk Management as part of my master program. It was quite an interesting course because it gave me a very good insight into how the Tax administrations operate as well as understanding what their goals and objectives are. I focused on Australia and Japan during the semester however I will use this opportunity to extend my knowledge by looking at the other regimes like USA Singapore, Hong Kong and China. Next week I will commence with giving you and understanding of the Australian Taxation Office (ATO) structure and their goals for 2009. This is important because small and medium business compliance is one of their top priorities. In addition I will use this section to help explain the audit process just in case you are approached by the tax authorities.

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