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Tax Institute (Australia)

From Wikipedia, the free encyclopedia
The Tax Institute
TypeProfessional association
HeadquartersSydney, NSW
Region served
Australia
Official language
English
Websitehttp://www.taxinstitute.com.au/

The Tax Institute, formerly the Taxation Institute of Australia, is a member-based association of tax professionals in Australia. Members include accountants, lawyers and academics.[1]

The Tax Institute was founded in July 1943 by a Sydney accountant named Harold Irving.[2] As of 2016 the Tax Institute had over 12,000 members. The Institute provides resources and education to its members, and participates in formulating tax policy with the government.[3] Executives from the institute head up the Australian Tax Research Foundation, a non-profit organisation that researches tax reform at the federal, state and local government levels.[4]

The Tax Institute provides input to the Board of Taxation, a non-statutory government advisory body charged with contributing a business and broader community perspective to improving the design of taxation laws and their operation.[5] In March 2010 The Tax Institute and the Institute of Chartered Accountants in Australia jointly submitted an extensive review of the government's consolidation regime to the Board of Taxation.[6] In August 2010 The Tax Institute welcomed the establishment of the Tax System Advisory Board, while calling for fundamental tax reform.[7] In January 2011 The Tax Institute commented on the Treasury's discussion paper: "Implementation of the recommendations of Treasury's review of the GST margin scheme".[8]

There are 3 levels of voting membership, in ascending order of importance:

  1. Associates (designatory letters ATI)
  2. Fellows (designatory letters FTI)
  3. Chartered Tax Advisers (designatory letters CTA)

Memberships

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The Tax Institute is a member of Asia Oceania Tax Consultants' Association (AOTCA).[9][10]

See also

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References

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  1. ^ "The Tax Institute". Graduate Opportunities. Retrieved 2011-06-30.
  2. ^ "2009 Annual Report" (PDF). The Tax Institute. Retrieved 2011-06-30.
  3. ^ "About Us". The Tax Institute. Retrieved 2011-06-30.
  4. ^ "BOARD OF DIRECTORS, RESEARCH ADVISORY BOARD AND SECRETARIAT". Australian Tax Research Foundation. Retrieved 2011-06-30.
  5. ^ "The Taxation Institute of Australia: sixty years of advocacy in taxation". Board of Taxation. Retrieved 2011-06-30.
  6. ^ "Post-implementation review into certain aspects of the consolidation regime" (PDF). Board of Taxation of Australia. 12 March 2010. Retrieved 2011-06-30.
  7. ^ "ATO reforms welcomed by Taxation Institute of Australia". Dynamic Business. 5 August 2010. Retrieved 2011-06-30.
  8. ^ "Implementation of the recommendations of Treasury's review of the GST margin scheme" (PDF). Australian Government: Treasury. 21 January 2011.
  9. ^ "2004 Annual Report" (PDF). Archived from the original (PDF) on 2017-03-19.
  10. ^ "Members – Asia Oceania Tax Consultants' Association (AOTCA)".