Tuesday, September 03, 2019

Alarie Presents Data Analytics And Tax Law

I get plenty of exercise – jumping to conclusions, pushing my luck, and dodging deadlines.

"When I look back on all these worries, I remember the story of the old man who said on his deathbed that he had had a lot of trouble in his life, most of which had never happened."
--Winston Churchill



A Society Is Only As Free As Its Most Troublesome Political Dissident Caitlin Johnstone






Tax Prof Twitter Census (2019-20 Edition)


TwitterAccording to Bridget Crawford's latestcensus, there are 1,248 Law Profs on Twitter, including 63 Tax Profs (several with tax in their Twitter handles):



Democracy depends on ending dodgy donations

Sadly ICAC doesn’t address the titanic hypocrisy the same people, who are quick to micro-regulate our daily life, can’t even comply with the laws they approved.


Alarie Presents Data Analytics And Tax Law Today At ... - TaxProf











A story about the ATO and a so-called tax gap caught my eye:

Mr Hirschhorn said gap measuring forced the ATO to ask itself: “How much are we not collecting and why?”
This was different to the traditional approach of asking how efficient the ATO was at collecting money — “how many audit results you got for per dollar you spent”.
“An analogy is if you had WADA (the World Anti-Doping Agency) at the Olympics being rewarded on how many drug cheats they catch, not how clean the Olympics are,” Mr Hirschhorn said. “They’re slightly but importantly different questions. In fact, what people, whether spectators or clean participants, are interested in is a clean Olympics, not how many drug cheats are caught.
“What tax gap forces you as a revenue authority to think about is not how many you’re catching but how many you’re not catching, and why, and then maximising your strategies, especially prevention strategies, to have a clean Olympics.”
The ATO’s confidence in a lower gap in future has been bolstered because as it resolves disputes with taxpayers it is “resolving not just the back years, we’re locking in the future price”, Mr Hirschhorn said.
“We’re solving the disputes before they even happen,” he said.




An interview with Jeremy Hirschhorn, Deputy Commissioner - EY