‘Judge, jury and executioner’: IPA shoots down proposed ATO penalty regime
A recommendation to equip the ATO with the power to penalise egregious tax agents directly has been slammed by the Institute of Public Accountants.
The recommendation, contained in the final report of the review of the Tax Practitioners Board, had called for the government to provide the ATO with a new administrative penalty regime to allow it to impose penalties on tax practitioners who demonstrate an intentional disregard of the taxation laws.
Read more at the Accountants Daily.
