Avoiding a bum RAP
Woellner, Robin (2005) Avoiding a bum RAP. Tax Specialist, 8 (3). pp. 166-185.
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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|
|Date Deposited:||09 Jun 2010 03:56|
|FoR Codes:||18 LAW AND LEGAL STUDIES > 1801 Law > 180125 Taxation Law @ 100%|
|SEO Codes:||91 ECONOMIC FRAMEWORK > 9101 Macroeconomics > 910110 Taxation @ 100%|