TPB information sheet on ‘Code of Conduct’ Item 9, requirement to take ‘reasonable care’ in ascertaining a client’s state of affairs’ – 2013 Information sheet updated to include 2 new examples covering the ‘black economy’

Tax Month - January 2020

The Tax Practitioners Board (TPB) has updated its Information Sheet: Reasonable care to ascertain a client’s state of affairs, information sheet, to include Examples 9 & 10 about the Black Economy. See below for details. [Tax Month – January 2020]       The TPB issued an ‘information sheet’: TPB(I) 17/2013, in 2013, to flesh out…

Global tax chiefs undertake unprecedented multi-country day of action to tackle international tax evasion – ATO post

Tax Month - January 2020

On 24 January 2020, the ATO uploaded a post, entitled: ‘Global tax chiefs undertake unprecedented multi-country day of action to tackle international tax evasion’. It relates to coordinated action by the J5 nations to investigate a financial institution in Central America. See below, for further details. [Tax Month – January 2020]