This presentation discusses how to deal with tax risk - obtain a ruling. Including:
- what is a ruling?
- when is the Commissioner bound? - full and true disclosure revisited
- who may rely upon a ruling?
- when can you disregard a ruling?
- what do you do when a ruling is unfavourable?
- problems with rulings
- timing and cost issues
- partial rulings
- anti-avoidance
- arm's length arrangements
- the ATO's agenda.