Tax Governance has been saved
Australian Tax Governance and Tax Transformation
It is imperative that Boards and C-suites take an active role in implementing a robust tax governance framework. The ATO is reviewing the Top 1,100 corporate groups and Top 500 private groups and will undertake additional activity where tax governance is deficient.
Tax governance is no longer a ‘nice to have’! The Australian Taxation Office (together with many global revenue authorities) expects corporate taxpayers to have robust tax governance frameworks in place. The ATO’s message is clear: Boards and C-suites will be held accountable for managing an organisation’s tax risk.
Deloitte’s leading Tax Governance team brings a market-leading blend of experience in industry and the profession. This means we are uniquely positioned to assist our clients in developing and implementing appropriate tax governance frameworks aligned to business objectives and ATO expectations.