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JWS lures tax partners from Deloitte, KPMG Law
Johnson Winter & Slattery has snagged two tax bigwigs from Deloitte and KPMG Law to meet growing client demand for tax advice from law firms.
PepsiCo takes ATO to court for taxing bottling payments by Schweppes
PepsiCo has launched proceedings disputing claims by the Australian Taxation Office that amounts paid by Schweppes for local bottling and distribution services were royalties and had to be taxed accordingly.
Legal firm structure in the spotlight as new guidelines bite
Lawyers will need to review their income arrangements in light of new tax guidelines that could expose them to greater ATO scrutiny, says Pitcher Partners executive director Ashley Davidson.
Allens snags corporate tax specialist from PWC
Allens has lured leading M&A tax lawyer Ellen Thomas from PricewaterhouseCoopers to strengthen the Big Six firm's expertise in mergers and acquisitions and finance transactions.
Shell wins more in ATO appeal over $2.3B gas exploration deduction
An appeals court has unanimously rejected the Commissioner of Taxation’s latest bid to block Shell’s $2.3 billion tax deduction for the cost of exploration activities conducted as part of the Browse LNG project off the coast of Western Australia.
ExxonMobil takes $182M dispute with ATO to court
Oil company ExxonMobil has appealed decisions by the Australian Taxation Office to refuse deductions on profits from the sale of petrol from the largest oil field in Australia, claiming its taxable profits over four years should be reduced by $181.8 million.
Airbnb host loses bid for Jobkeeper payments
An Airbnb host’s claim for JobKeeper payments has been shot down, with a tribunal saying the accommodation of paying guests at one’s own home did not constitute a business.
Mylan Australia challenges ATO decision over $1.2B Alphapharm deal
Mylan's Australia unit is appealing decisions by the tax office to refuse deductions on interest paid under loans taken out by the pharmaceutical giant to help fund the $1.2 billion acquisition of generic drug maker Alphapharm almost 15 years ago.
SingTel loses transfer pricing dispute with ATO over $14.2B Optus acquisition
Singapore telecommunications giant SingTel cannot claim over $894 million in tax deductible "transfer pricing benefits" for interest paid by a cross-border subsidiary on a loan for the $14.2 billion acquisition of Optus, the Federal Court has ruled.
Deloitte can’t dodge client’s fraud claims, 16 years after alleged conduct
Accounting giant Deloitte has lost its bid to throw out a former client's lawsuit alleging negligence and fraud over a failed interposition under tax law that occurred more than 16 years ago.