Being involved with tax fraud can land you in jail - never a participant nor a helper be paper

Published on 17 Oct 13 by TASMANIAN DIVISION, THE TAX INSTITUTE

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 paper 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?

Author profile

David Williams

More by David Williams

• A selection of practical issues arising in the context of wills and estates paper - 18-October-2018
• The issues you face if a client confides in you that they think they have committed tax fraud paper - 25-March-2013
• Accidently getting caught up in tax fraud is usually not a risk on your radar - What should you be aware of? paper - 13-March-2013
• The taxation treatment of proceeds from the exploitation of intellectual property paper - 21-February-2012

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