The ATO’s reportable tax positions schedule is a “realtime” development which raises important issues for corporate taxpayers regarding governance, disclosure and management of their tax affairs. It also has significance for the self-assessment concept. This presentation focuses on teh following issues:
- the what, when, how and why of the reportable tax positioh
- now do “reasonably arguable” and “reasonable care” come into this?
- two views of what is needed for real-time tax governance.