Immigration and Tax: embracing trust programs
Immigration and Tax: embracing trust programs
KPMG’s Belinda Wright, Angela De Silva and Sinead Kilgannon explore the synergies between two immigration and tax assurance programs which are aimed at bolstering the public’s confidence in each government agency’s respective program by mitigating risks and maximising compliance.
Pressure to meet corporate social responsibility expectations has, perhaps, never been greater for Australian business. There is a growing appetite within the Australian community for greater visibility of the operating practices of businesses and increased accountability for those firms not deemed to be meeting their responsibilities.
Enter stage left, the Department of Home Affairs (DoHA) and the Australian Taxation Office (ATO) with their answer to the public’s demand for lifting the veil on business practices.
Compliance is the name of the game with both government agencies taking an increased proactive approach to mitigating risk in their respective fields. The net has been widened and there is now a greater chance of ensnaring businesses who are not following the rules.
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