Like professional negligence, tax fraud is not something that a practitioner normally expects to be involved in or accused of. However it can happen
particularly in a “guilt by association” situation or where a client points the finger of blame to reduce their own level of blame. This presentation covers:
- common misconceptions and fallacies
- identifying and being wary of potential indicators
- Saxby: Even a simple objection can create an exposure
- the access of the ATO to previously unavailable sources of information particularly from secrecy/tax havens and everyday sources
- increased risks for professional advisers who are caught up in dodgy transactions, including heavier sentencing than five years ago
- are juries more prepared to join up the dots in tax fraud cases?