A way to reduce costs after budget cuts

[donnashuggy]

How unfair.

http://www.miningaustralia.com.au/news/big-companies-entrusted-with-own-tax-auditing?utm_source=dlvr...

[donnashuggy]

And what possible reason can you give for this? http://www.smh.com.au/federal-politics/political-news/joe-hockey-breaches-charter-of-budget-honesty-...

Too busy smoking cigars?

[debra9275]

Large mining companies may avoid public scrutiny over their taxes if the Abbott government complies with calls for amendments to tax law.

The Australian Tax Office (ATO) is working towards a plan which will see 56 companies with a turnover of $100 million or more allowed to perform their own tax auditing, SMH reported.

The proposal has been met with widespread anger and criticism from government officials, unions and the public, however the ATO said feedback from taxpayers and industry was positive.

The system is called External Compliance Assurance Process (ECAP), which was proposed as a means to reduce costs after budget cuts by the Abbott government.

what can I say...... it's just so wrong . Are we that desperate to sell off our country that we're prepared to do anything??

[grandmoon]

Another Abbot way of giving to the big end of town power brokers in the NSW Liberal Party.

Another step to the eventual removel of the Capital City from Canberra to Sydney.  

[*mrgrizz*]

this is not what you think.

you will find they will need to employ independent auditors. at their own cost.

these auditors are meant to be impartial. and will not risk their reputation to be "bought" by any company.

you think they will have their own accountants do their tax.............then audit themselves