Avoiding a bum RAP
Woellner, Robin (2005) Avoiding a bum RAP. Tax Specialist, 8 (3). pp. 166-185.
|PDF (Published Version) - Repository staff only - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader|
View at Publisher Website: http://www.taxinstitute.com.au/go/tax-sp...
Taxpayers intending to take a contentious approach to their tax need to ensure at least a 50 per cent chance of success if the matter went to the AAT or Federal Court. Where that taxpayer's interpretation is not based on a 'reasonably arguable position', ("RAP"),the taxpayer becomes liable to shortfall penalties.
|Item Type:||Article (Refereed Research - C1)|
|Keywords:||taxation; tax penalties; defences; reasonably arguable position|
|FoR Codes:||18 LAW AND LEGAL STUDIES > 1801 Law > 180125 Taxation Law @ 100%|
|SEO Codes:||91 ECONOMIC FRAMEWORK > 9101 Macroeconomics > 910110 Taxation @ 100%|
|Deposited On:||09 Jun 2010 13:56|
|Last Modified:||12 Feb 2011 03:49|
Last 12 Months: 0
Repository Staff Only: item control page