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Wednesday, November 08, 2017

JEDI - Jim Killaly: The Unsung Hero Who Will Save Civilisation


Wickenby and Offshore Hero Who Surrounded 
Himself with Smart Analysts
and Wise Officers who are partial to 

Mr Killaly has a nice anecdote about his view of the Australian Tax Office's role: "You've got to be like a blue heeler constantly going after a creature that's got a mind of its own,and it's big and strong."


    Mr Jim Killaly - Researchers - ANU

    :


    BJuris. LLB (Monash)
    ANU College of Asia and the Pacific



    Formerly a Deputy Commissioner in the Large Business and International area of the ATO I have had extensive experience over 46 years in taxation rulings, sttrategic  (sic) litigation, policy and legislation, audits of major multinatonal groups and in leadership and technical capability development.  I was directly involved in a number of major tax reform exercises over those years.  I have been Australia's representative on various OECD working parties over the years, including on treaties, transfer pricing and tax administration and was for some years Australia's lead representative at the OECD Committee on Fiscal Affairs.  I led the negotiation of a number of Australia's tax treaties, including those with the US and the UK.  I was attached to the OECD for the period June 2012 to June 2014 on a range of strategic projects related to international tax planning, regional cooperation and the development and delivery of an extensive case-based training program on transfer pricing risks in the extractive industries. I was awarded the Public Service Medal in January 2005 for the development of a comprehensive and sustainable taxation compliance framework for large business and enhanced international taxation treaty arrangements. 

    I am currently a visiting fellow at the Crawford School on Public Policy....



    Explaining the swap scheme to Four Corners, former deputy commissioner of the Australian Tax Office Jim Killaly said: “If they’re different subsidiaries within the same group, the swap can actually be financially engineered so that the loss appears in whatever country you want it to, and the corresponding profit appears in whatever country you want that to land in.
    “It’s like they’ve taken money out of one pocket and put it into the other pocket. They’ve still got the money, but they haven’t paid tax.”
    The ATO has so far taken action against 19 companies over cross-currency interest rate swap schemes. The ATO has also issued 21 formal notices to Australian accountants and, asking if they helped implement the tax-avoidance
    schemes.
    “We know and trust that most people do the right thing, and that many taxpayers identified as part of the leak will be meeting their Australian tax
    obligations,” the ATO’s deputy commissioner international Mark Konza said in a statement on Monday.

    “However, we investigate all leads and have the resources and expertise to take action against taxpayers or intermediaries found to be caught up in the illegal use of offshore structures or providers.”

     ATO officials have spent months working with partner agencies in Australia and overseas ahead of the release of the Paradise Papers in an attempt to identify possible tax avoidance.

    “We anticipate further data may be published by the ICIJ and the ATO will continue to work closely with other tax administrations to share intelligence on advisers operating globally,” Mr Konza said




     SINCE 1953, “MULTINATIONALS HAVE PAID LITTLE OR NO TAX” 


    (ATO CANBERRA – JIM KILLALY, ASSISTANT COMMISSIONER, AUSTRALIAN TAX OFFICE – Sydney Morning Herald, 28.10.1996) Quote by Jim Killaly


    Jim Killaly first joined the Tax Office in 1970, and was appointed Deputy Commissioner in charge of international tax and large business in 1997. He previously held the position of First Assistant Commissioner in charge of international tax. He has extensive involvement in policy development Jim Killaly  
    TRANSFER PRICING COMPLIANCE ISSUES AND INSIGHTS IN THE CONTEXT OF GLOBAL PROFIT ALLOCATION



    Media Dragon: The Good Samaritan Tax Lawyer 

    amediadragon.blogspot.com/.../the-good-samaritan-tax-lawyer.html
    ‎
    30 Mar 2016 ... (ATO CANBERRA – JIM KILLALY, ASSISTANT COMMISSIONER, AUSTRALIAN TAX OFFICE – Sydney Morning Herald, 28.10.1996) Quote by Jim Killaly. Jim Killaly first joined the Tax Office in 1970, ...

      

      Since 1953 Multinationals have paid little or no tax.

      (ATO CANBERRA – JIM KILLALY, ASSISTANT COMMISSIONER, AUSTRALIAN TAX OFFICE – Sydney Morning Herald, 28.10.1996). IN THE SAME INTERVIEW, MR. KILALLY STATED THAT AUSTRALIA [HAS ...


      The ATO bomb - The Sydney Morning Herald 

       It is also the place where the deputy tax commissioner, Jim Killaly, is marking out his turf as a maverick, searching out tax avoiders at the big end of town. The expected result is tens of billions of ...


    One Nation Senator Malcolm Roberts in call for OzExit from United ... 


    The former deputy commissioner of the Australian Taxation Office, Jim Killaly, said 90% of Australia's large companies are foreign owned

    Three strategies to fight the tax avoidance revealed by the Paradise ...

    The Conversation AU‎ - 11 hours ago
    Three strategies to fight the tax avoidance revealed by the Paradise ... Interestingly, a recent comment by ATO Commissioner Chris Jordan ...
    We can't rely on leaks to enforce tax policy. Labor will crack down on ... The Guardian


    澳洲稅局將據「天堂文件」信息打擊逃稅

    大紀元 (新聞發布)‎ - 1 day ago
    澳洲稅務局副局長康扎（Mark Konza ）表示，稅務局已對19家公司展開調查，它們涉嫌在利用一種被稱為跨國貨幣利率互換的方案逃稅。目前有13家 ... 

    大紀元 (新聞發布)


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