Tax

The Australian Tax Office is looking to elevate tax to the board room and ensure directors and senior management take responsibility for, and have input into their company’s major tax decisions. The new reportable tax positions schedule will require many large companies to disclose in their tax returns any uncertain tax positions taken and not previously disclosed to the tax office. Whether acquiring a new asset or company, undertaking a project, or raising finance, knowledge of the tax risk is critical to ensuring the deal or project’s financial viability. This requires advisers who are not just technical advisers, but can assist companies to make critical judgment calls.

Corrs is the Australian member of Taxand,
a global organisation of tax advisory firms dedicated to delivering quality tax advice.
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