Tax Institute (Australia) Explained

The Tax Institute
Type:	Professional association
Headquarters:	Sydney, NSW
Region Served:	Australia
Language:	English
Leader Title:	President
Website:	http://www.taxinstitute.com.au/

The Tax Institute, formerly the Taxation Institute of Australia, is a member-based association of tax professionals in Australia. Members include accountants, lawyers and academics.^[1]

The Tax Institute was founded in July 1943 by a Sydney accountant named Harold Irving.^[2] As of 2016 the Tax Institute had over 12,000 members. The Institute provides resources and education to its members, and participates in formulating tax policy with the government.^[3] Executives from the institute head up the Australian Tax Research Foundation, a non-profit organisation that researches tax reform at the federal, state and local government levels.^[4]

The Tax Institute provides input to the Board of Taxation, a non-statutory government advisory body charged with contributing a business and broader community perspective to improving the design of taxation laws and their operation.^[5] In March 2010 The Tax Institute and the Institute of Chartered Accountants in Australia jointly submitted an extensive review of the government's consolidation regime to the Board of Taxation.^[6] In August 2010 The Tax Institute welcomed the establishment of the Tax System Advisory Board, while calling for fundamental tax reform.^[7] In January 2011 The Tax Institute commented on the Treasury's discussion paper: "Implementation of the recommendations of Treasury's review of the GST margin scheme".^[8]

There are 3 levels of voting membership, in ascending order of importance:

1. Associates (designatory letters ATI)
2. Fellows (designatory letters FTI)
3. Chartered Tax Advisers (designatory letters CTA)

Memberships

The Tax Institute is a member of Asia Oceania Tax Consultants' Association (AOTCA).^{[9] [10]}

See also

• Tax advisor

Notes and References

1. Web site: The Tax Institute . Graduate Opportunities . 2011-06-30.
2. Web site: 2009 Annual Report . The Tax Institute . 2011-06-30.
3. Web site: About Us . The Tax Institute . 2011-06-30.
4. Web site: BOARD OF DIRECTORS, RESEARCH ADVISORY BOARD AND SECRETARIAT . Australian Tax Research Foundation . 2011-06-30.
5. Web site: The Taxation Institute of Australia: sixty years of advocacy in taxation . Board of Taxation . 2011-06-30.
6. Web site: Post-implementation review into certain aspects of the consolidation regime . Board of Taxation of Australia . 12 March 2010 . 2011-06-30.
7. Web site: ATO reforms welcomed by Taxation Institute of Australia . 5 August 2010 . Dynamic Business . 2011-06-30.
8. Web site: Implementation of the recommendations of Treasury's review of the GST margin scheme . Australian Government: Treasury . 21 January 2011.
9. http://www.taxinstitute.com.au/files/aboutus/2004_annual_report.pdf
10. Web site: Members – Asia Oceania Tax Consultants' Association (AOTCA).