Misplaced trust
WHEN IT COMES TO RULINGS, SAYS PETER M. ROACH, THE TAX OFFICE IS APPLYING SOMETHING OF A DOUBLE STANDARD TO TAXPAYERS.
Although by its terms a broad-based inquiry into the operations of the ATO, the Senate
As recorded in a footnote, one allegation was that "literally hundreds of former and serving Tax Office staff helped ... to investigate what they see as a crisis inside the administration". The Committee's report records that "If this claim had any veracity, it seems surprising that so few of these people were prepared to contribute to the inquiry."And, I add, even on the basis of their anonymity being preserved and their evidence being taken in camera.
In addition, make sure to read these articles:
- IRS Notice 97-7: draft revenue procedure on obtaining private rulings on environmental...
- Private binding rulings: Going public
- Proposed regulations under Section 404A of the Internal Revenue Code.
- Taxing questions
- Problems of proof
- Balancing the tax take
- Misplaced trust
- Rulings must be retained
- Tax-scheming
- Chasing nirvana
- Push for liability reform
- Animal form
- Where's the benefit?
- Statutory illusions
- Refund problems
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