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The Tax Practitioners Board’s independence from the Tax Office has been called into question again as fears grow that the regulator is merely rubberstamping ATO decisions to rub out tax agents with outstanding tax obligations.
High-risk practitioners, including those with outstanding personal tax obligations, have long been on the TPB’s radar, leading to a 129 per cent spike in practitioner terminations in the 12 months to 30 June.
Read more at the Accountants Daily.