Business Services Industry
ATO sets KPIs for officers and directors.
Australasian Business Intelligence, June, 2005
Jun 06, 2005 (Keeping Good Companies - ABIX via COMTEX)
Taxation law is a very complex matter in Australia, riddled with obscurities and grey areas. The Commissioner of Taxation, Michael Carmody, has spoken about dealing with tax risk management under Party IVA of the Income Tax Assessment Act 1936. Carmody made it clear that he and the Australian Taxation Office (ATO) believe that the governance of tax-related risks now lies with company directors and boards. Carmody appears to have confused the role of boards with the role of management. The board deals with the oversight of companies, and the management deals with operational issues. Carmody appears to be trying to put the onus of tax risk management on boards, transferring it away from the ATO.
...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
