Original article by Michael Roddan
The Australian – Page: 7 : 22-Jul-19
The Australian Taxation Office is hoping a new industry code of conduct that is being developed with the Law Council of Australia and other professional bodies will lead to improved auditing of multinationals. The ATO is finding it difficult to conduct such audits because lawyers are making blanket claims that documents being sought are subject to legal privilege. ATO second commissioner Jeremy Hirschhorn says law firms have no interest in seeing privilege claims that turn out to be false, as this could put the concept of privilege at risk.
AUSTRALIAN TAXATION OFFICE, LAW COUNCIL OF AUSTRALIA, COMMOTION SYSTEMS, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA