The global economic downturn resulted in diminishing tax revenues for the Australian Taxation Office (the ATO) and other overseas revenue authorities. We are also seeing the implementation of more sophisticated tax enforcement measures and more stringent tax compliance and administration policy to secure tax receipts. At the same time, countries are adjusting their tax policies to remain internationally competitive. This new environment has required our clients to take a fresh look at developments in tax policy; controversy and their risk exposure.
To help businesses better plan and manage tax policy developments and mitigate tax audit risk, we formed our tax policy and controversy group made up of tax professionals, chartered accountants, lawyers and former senior ATO officers.
In particular, our tax policy team advocates ongoing tax reform to benefit Australian businesses operating offshore and to make Australia a more attractive place to invest and work. We consult with clients, conduct our own research and analysis, participate in public debate, engage with and prepare submissions to government and Treasury on tax reform initiatives.
Our tax controversy team (pdf, 227kb) works with in-house tax functions and external tax advisors to bring technical skills, experience and a strategic perspective to help you plan and manage your approach to tax administration, tax audits, strategies for the settlement of tax disputes, and, where necessary, act on behalf of taxpayers during mediation and litigation.
We have a global network that enables the Ernst & Young’s Tax Policy and Controversy team to share our collective knowledge and practical experience with clients affected by cross-border tax matters and disputes.
Quarterly briefing (pdf, 2.5mb) from Ernst & Young’s Tax Policy and Controversy global network brings insights and viewpoints on major issues to help tax directors stay informed.