Accountant adviser to Tax Office deregistered after $500,000 fraud

United Kingdom News News

Accountant adviser to Tax Office deregistered after $500,000 fraud
United Kingdom Latest News,United Kingdom Headlines
  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 90%

A second accountant providing advice on tax policy has been deregistered for “egregious” misbehaviour as the government battles fallout from the PwC leaks scandal.

and said he was seeking advice from Treasury, the ATO and the Board of Taxation on new measures to protect the integrity of consultations with outside tax advisers.“once-in-a-lifetime”

The integrity declarations would cover personal affairs, conduct in relation to tax affairs, confidentiality and protection of information and conflicts of interest.A spokesman for the Tax Institute of Australia on Monday confirmed that Mr Collins was no longer a member. Mr Swan had left the institute before the TPB decision.President Marg Marshall said: “Our by-laws are self-operative.

Mr Swan hosted episodes of a Tax Office podcast, Tax InVoice, and was a long-term member of the TPSG, where he joined Deputy Commissioner Hoa Wood as co-chairman in May 2021. Deputy Commissioner Wood noted at a TPSG meeting on March 18 that his co-chair was taking a leave of absence. The minutes show that “members were asked that any conflicts of interest be declared and reminded the group of confidentiality requirements”.A Tax Office spokeswoman said the ATO could not comment on the TPB investigation because of matters still before the courts, but that Mr Swan was stood down from participating in any ATO consultation once the investigation began.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FinancialReview /  🏆 2. in AU

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PwC tax leak ‘once-in-a-lifetime’ chance for crackdown: former ATO execPwC tax leak ‘once-in-a-lifetime’ chance for crackdown: former ATO execThe man who led the Tax Office’s moves on multinational profit shifting says revelations about the leak will allow the ATO to “get rid of the drivers of tax planning”, as PwC tax clients find themselves targeted.
Read more »

PwC nabs RBC banker for energy transition unitPwC nabs RBC banker for energy transition unitPwC’s push for a bigger slice of renewable energy deals is taking shape.
Read more »

Sunak sacks Tory party chairman over tax affairsSunak sacks Tory party chairman over tax affairsThe prime minister had initially stood by Nadhim Zahawi before ordering an independent adviser to investigate questions over his tax affairs.
Read more »

HESTA says tax the rich to pay for parental leave contributionsHESTA says tax the rich to pay for parental leave contributionsAustralian women currently retire with 42 per cent less in super, but taxing large balances more could release funds to be deployed into super on parental leave.
Read more »

Labor’s carbon scheme is a tax on ‘hi-vis’ industries: CanavanLabor’s carbon scheme is a tax on ‘hi-vis’ industries: CanavanNationals Senator Matt Canavan says Labor is “hypnotised” by big business as the carbon scheme is a tax on anyone who wears “bright coloured clothing” to work. “The Business Council of Australia I think have got a lot of things wrong lately, the Labor party seems very enamoured with big business, they seem somewhat hypnotised,” Mr Canavan told Sky News Australia. “This is a tax that’s going to hit every Australian – it’s effectively a tax on anyone who has to wear bright coloured clothing to work, it’s a tax on our hi-vis industries. “We will keep fighting for small business, we’ll keep fighting for Australian families who just want a solution to their cost-of-living concerns – this government seems to have no answers for people except these massive new taxes.”
Read more »

Labor signals commitment to big jump in tax-free superannuation capLabor signals commitment to big jump in tax-free superannuation capThis means that super account holders with balances over $1.7 million could benefit from delaying their retirement until July 1 to capitalise on the increased cap, which is set to jump to $1.9 million.
Read more »



Render Time: 2025-03-31 22:53:15