A9.1 The following is the list of income tax risk filters used in the large market. For full risk filter descriptions, visit ato.gov.au.
Key compliance program 2012-13 risks:
- Taxation of financial arrangements
- Profit shifting
- Corporate restructure
- Research and development.
Other compliance program 2012-13 issues:
- Small business and general business tax break
- Private equity exiting Australia
- Immediate deduction for mining, quarrying or prospecting rights
- Financial arrangements
- Revenue and capital losses
- Non-resident withholding tax
- Managed investment trusts
- Financial arrangements undertaken by stapled groups.
Other risk areas we are monitoring:
- Black-hole expenditure
- Offshore banking units
- Structured lease and leaseback
- Superannuation fund related risk
- Tax havens
- Low tax performance.