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The Australian Tax Office wants to hive off a contract dispute between Japanese conglomerate Mitsui and its Kipper gas field partners, ExxonMobil unit Esso and Woodside, in a fight over a $298 million tax bill.
Construction PRO
The Tax Office wants to hive off a contract dispute between Japanese conglomerate Mitsui and its Kipper gas field partners Esso and Woodside in a fight over a $298 million tax bill.
The ATO has won its challenge to a finding that it waived privilege over draft expert reports in an email referring to its contents, with a court saying disclosure of the substance of information is not per se inconsistent with maintaining privilege.
Alcoa has won a transfer pricing dispute with the Tax Office, with a tribunal rejecting the ATO's novel argument that Alcoa was not dealing at arm's length in selling alumina to a distributor that bribed Bahraini government officials.
The founders of streetwear retailer City Beach have won a fight with the ATO over the taxation of a $52 million disposal of pre-capital gains tax assets.
In a loss for the Australian Taxation Office, an appeals court has found that the Liberty Group’s use of corporate and trust ‘silos’ was not an unlawful tax avoidance scheme.
Chobani has lost a dispute over the tax office's recent decision to apply GST to the US yoghurt maker's Flip range.
A decision by the Administrative Appeals Tribunal that reproduced almost entirely verbatim and without attribution the submissions of the prevailing party as its own reasons damages the public's trust in the AAT and must be overturned, a court has ruled.
Liberty Financial unit Minerva has challenged a judgment that found two schemes it carried out were done with the primary purpose of securing a tax advantage.
A judge has ordered that part of a decision by the Australian Taxation Office over three alleged schemes by Liberty Financial to obtain tax benefits be set aside, rejecting arguments that the corporate group’s operations were “artificial or contrived”.