This reflects the change of name of the law firm from Brett Davies Lawyers to Legal Consolidated Barristers & Solicitors.
The Prize is awarded to the UWA student who achieves the highest mark in Advanced Australian International Taxation LAWS5237.
Since 1994 our Australia wide tax law firm has specialised in taxation, superannuation and Estate Planning. We encourage young lawyers to pursue one of the most difficult, forever changing and exciting areas of law – taxation.
We help develop tax lawyers with these 6 qualities:
1) Good communication
Good tax lawyers are articulate, have good written communication skills and are good listeners. To argue convincingly in the courtroom before judges, good public speaking skills are essential. Communication and speaking skills can be developed during your studies by taking part in activities such as mooting and general public speaking.
The ability to draw reasonable, logical conclusions or assumptions from limited information is essential as a tax lawyer.
You must also be able to consider complex taxation judgements critically. This is so that you can anticipate potential areas of weakness in your argument that must be fortified against.
Similarly, you must be able to spot points of weakness in the ATO’s argument. Decisiveness is also a part of judgement. There will be a lot of important judgement calls to make and little time for sitting on the fence.
Both the study and practice of taxation law involve absorbing large quantities of information, then having to distill it into something manageable and logical.
At times, there are more than one reasonable conclusion, or more than one precedent applicable to resolving a situation.
A tax lawyer evaluates skills to choose which is the most suitable.
4) Taxation Research
Similarly, being able to research complex black letter tax law quickly and effectively is essential to understanding your clients, their needs, and to preparing tax strategies.
Preparing tax strategies require absorbing and comprehending large amounts of information, then distilling them down into something manageable and useful.
5) People skills – Taxation Prize UWA enhances this skill
Tax Law is not an abstract practice. Irrelevant of how well someone does academically, at the end of the day tax lawyers work with people, on behalf of people, and the decisions that are made affect peoples’ lives.
They must be personable, persuasive and able to read others. This allows them to gauge juror’s reactions and the honesty of witnesses.
This allows them to decide upon the best approach to take to achieve the desired outcome: either clients taking your taxation advice or reaching a favourable negotiation with the Australian Tax Office. The Taxation Prize UWA enhances this skill.
Top tax lawyers are not only logical and analytical but display a great deal of creativity in their problem solving.
The best solution is not always the most obvious. To outmanoeuvre the taxation regulator it is often necessary to think outside the box. What the ATO tells you is often wrong. Read the law and the cases, for yourself.
So all the best with the Taxation Prize UWA.
Dr Brett Davies, CTA, AIAMA, BJuris (UWA), LLB (UWA), Dip Ed, BArts(Hons)(UWA), LLM (UWA), MBA, SJD (UWA)