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The High Court has declined Tabcorp's special leave application seeking to overturn a ruling that found it was not entitled to a $1.49 billion tax deduction for loss when a licence with the state of Victoria expired in 2012.
Construction PRO
Hilton has lost its challenge to a $173 million tax adjustment from the 2015 sale of the Sydney Hilton Hotel, with a judge finding the transaction was entered into for the dominant purpose of obtaining a tax benefit.
DLA Piper has recruited MinterEllison tax partner Craig Silverwood to become its new head of transfer pricing for the Asia Pacific region.
Mallesons has hired a tax partner from EY with expertise in stamp duty and land tax, strengthening the firm's indirect tax practice.
Members of the Obeid family have appealed a judge's "draconian" decision to dismiss their long-running tax cases due to their failure to comply with court orders.
Construction PRO
Developer Skycorp has lost its bid to appeal a decision in a dispute with the ATO over $4.6 million in deductions claimed for its building in Western Australia's Hillarys Boat Harbour.
The Australian Securities and Investments Commission has closed an investigation into Mineral Resources and its billionaire founder Chris Ellison following media reports of alleged tax evasion.
Potentia Capital co-founder Tim Reed has told the Federal Court settlement negotiations with former partner Andrew Joyce were in "flux" and never finalised, in a case by Joyce seeking to enforce the terms of the agreement.
A judge has taken the "draconian step" of dismissing long-running tax cases by the members of the Obeid family, on the eve of a hearing over a $30 million freezing order against the family.