Like professional negligence, tax fraud is not something that a practitioner normally expects to be involved in or accused of, but it can happen particularly in a “guilt by association” situation or where a client points the finger of blame to reduce their level of blame.
This presentation covers:
- common misconceptions and fallacies
- identifying and being wary of potential indicators
- how much reliance can you place on your client?
- Saxby: even a simple objection can create an exposure
- is the ATO aware more than you?
- 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?