Australia Consults on Proposed Laws for Tax Adviser Crackdown

Australia’s government is consulting on proposed laws to tackle tax adviser misconduct, in its latest push to crackdown on the sector following the PriceWaterhouseCoopers tax leak scandal.

A Treasury consultation paper and draft regulations published on 10 December would reform the Tax Practitioners Board via new laws to “stamp out” tax agent misconduct, the government said in a statement.

• The changes would allow the TPB to escalate sanctions according to the severity of the contravention of the law to “more adequately and appropriately address contemporary forms of misconduct”, the paper said.
• The proposals would expand the circumstances in ...