The Tax Cube™

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The Tax Cube™

Your first step to tax risk management

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The Australian Taxation Office (ATO) has recently introduced a ‘Risk Differentiation Framework’, in order to allocate a tax risk rating to each large business.

These risk ratings drive the ATO’s interaction with large businesses - from monitoring to the use of regular risk reviews and audits. Tax governance and risk frameworks are now qualitative indicators in determining the risk rating of large businesses. The ATO expects that tax governance frameworks are in place, with sound systems, clear accountabilities, strong controls, and highly skilled people supported by robust processes and procedures.

Introducing the Tax Cube™

To help you develop an initial assessment of the current state of your tax governance activities we use a risk assessment tool called the Tax Cube. The Tax Cube is completed during a half day workshop with the tax department and other key stakeholders.

The Tax Cube™, 2014 | 2 pages

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Dick Nijdam

Dick Nijdam

Principal, Tax and Business services

Dick joined Deloitte in Papua New Guinea in 2015 from a global accounting firm in PNG where he was a tax partner.  He previously worked at Deloitte in the Netherlands and in the Russian Federation for... More

Andrew Harris

Andrew Harris

Partner, Tax and Business services

Andrew has extensive experience as a tax advisor working in Australia, the United Kingdom, Uganda, Tanzania and Papua New Guinea. He has advised clients across all taxes, including international tax, ... More