The Tax Institute, formerly the Taxation Institute of Australia, is a member-based association of tax professionals in
Australia
Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...
. Members include
accountants
An accountant is a practitioner of accounting or accountancy.
Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certifie ...
,
lawyers
A lawyer is a person who is qualified to offer advice about the law, draft legal documents, or represent individuals in legal matters.
The exact nature of a lawyer's work varies depending on the legal jurisdiction and the legal system, as wel ...
and academics.
The Tax Institute was founded in July 1943 by a Sydney accountant named Harold Irving.
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.
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.
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.
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.
In August 2010 The Tax Institute welcomed the establishment of the Tax System Advisory Board, while calling for fundamental tax reform.
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".
There are 3 levels of voting membership, in ascending order of importance:
#Associates (designatory letters ATI)
#Fellows (designatory letters FTI)
#Chartered Tax Advisers (designatory letters CTA)
Memberships
The Tax Institute is a member of
Asia Oceania Tax Consultants' Association (AOTCA).
See also
*
Tax advisor
A tax advisor or tax consultant is a person with advanced training and knowledge of tax law. The services of a tax advisor are usually retained in order to minimize taxation while remaining compliant with the law in complicated financial situations ...
References
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Professional associations based in Australia
Organizations established in 2007
Tax practitioner associations
Taxation in Australia