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JAT Volume 21 Issue 1 Article 3 – Freudenberg and Mortimore

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THE FIRM: RE-THINKING TUTORIALS TO PROVIDE GREATER AUTHENTICITY FOR FUTURE TAX PROFESSIONALS

Abstract
Professional identity and business awareness are seen as key generic skills that graduates need in their professional careers. However, a number of studies demonstrate that such skills are lacking in graduates, with students not always appreciating their importance. Creating curriculum and learning opportunities for such skill development can be challenging in an already crowded curriculum. This article reports a simulated work integrated learning scenario – The Firm – which was integrated into tax tutorials. The findings of the outcomes of the firm case study are reported, including observations about the advantages and disadvantages of the approach. It is argued that with a re-think of tax tutorials, it is possible to provide a learning environment with greater authenticity that can assist to enhance the students’ professional identity, as well as their technical knowledge; although it is not without its challenges. It is with such enhancement, that students will be better placed to commence their careers as tax advisors.

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JAT Volume 21 Issue 1 Article 2 – Barrett

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THE ROLE OF TAXES IN PROMOTING THE EXPERIENCE OF HOME FOR TENANTS

Abstract

Tenants and owner-occupiers experience housing differently both in terms of wealth and consumption. An owner-occupied property is typically a person’s primary investment as well as a shelter, whereas a tenant also enjoys a roof over their head but does not share increases in value of the property they occupy. Furthermore, an owner-occupier typically enjoys non- financial benefits, including a sense of continuity and order in events (ontological security). In contrast, due to relatively weak legal protections in Australia and New Zealand, tenants often face ontological insecurity. These different experiences matter because owner-occupation is a normal aspiration, and has traditionally been privileged by government policies in property- owning democracies. Yet more than one-third of Australians and New Zealanders do not own the housing they occupy. Seeking to equalise housing experiences between tenants and owners is therefore an appropriate goal for government. In this article, the term ‘synthetic owner- occupation’ is used to describe a practicable, equalised housing experience for tenants relative to owner-occupiers, but ‘home’ has similar import.
Taxes can neutralise to some extent the different wealth experiences of tenants and owner- occupiers but, because these measures tend to level the circumstances of the majority downwards, they are politically implausible. While taxes cannot be effective alone, they may also contribute to closing the gap in consumption experiences of owner-occupiers and tenants. This article investigates, in particular, how taxes can supplement regulation in promoting an experience of home for tenants.

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JAT Volume 21 Issue 1 Article 1 – Nethercott, Gonzaga and Esin

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COUNTRY – BY – COUNTRY REPORTING: A NEW DIMENSION IN TAXPAYER COMPLIANCE OBLIGATIONS IN AUSTRALIA
Abstract
The G20/Organisation for Economic Co-operation and Development’s (OECD’s) Base Erosion and Profit Shifting Action Plan (BEPS Action Plan) aims to combat tax evasion through an effort to improve tax transparency and enhance the exchange of information and co-operation between tax authorities, governments and global entities. As part of the BEPS Action Plan’s recommendations on transfer pricing documentation, country-by-country reporting (CbCR) requirements have been introduced in many countries, including Australia. This paper analyses the Australian CbCR legislation and the impact of compliance requirements on large multinational consolidated groups in Australia. The paper reflects on CbCR issues that include and transcend the taxation sphere, such as general business reporting and corporate governance, as well as the consequences of failing to comply with CbCR obligations. The discussion underlines the need for a cohesive global cooperative effort involving tax authorities and taxpayers. It also raises the need for reporting entities to make the necessary governance adjustments in order to comply with the CbCR obligations, which will support the objectives outlined in the BEPS Action Plan.

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