Downloading the bulletin
From the Deputy Commissioner, Large Business and International
Welcome to the latest edition of the Large Business Bulletin.
Over the last few years, we have continued to work with taxpayers in the large market to provide greater certainty and encourage willing participation in the tax and superannuation systems.
Our method has been to deliver on the commitments in the Large business and tax compliance booklet and embed our risk differentiation framework (RDF) across the large market. These are both part of our commitment to ensure that our services are focussed on:
- making it easier to comply with tax laws
- supporting voluntary compliance
- helping to reduce compliance costs
- making sure that the right amount of tax is paid in Australia.
We have been working with the large market to develop a new reportable tax position (RTP) schedule. This schedule will be used to provide greater assurance and align Australia with international trends toward greater transparency by large businesses.
The lead article in this edition provides more detail on what the RTP schedule will involve and the guidance materials that are being developed in consultation with representatives from large business.
This edition also includes articles on the risks that attract our attention, the new practice statement for our Advance Pricing Arrangements and an update on the Lead Relationship Manager service.
In the next edition of the Large Business Bulletin we will include an update on our implementation of the RDF in the large market. We are working to provide risk ratings across several taxes that will allow taxpayers to better manage their relationship with us.
Mark Konza
Deputy Commissioner
Large Business and International
Australian Taxation Office
Last Modified: Monday, 23 May 2011