HESTA Super has complained that the tax office has unfairly stripped it of $11 million in franking credits, denying it did not hold the credits ‘at risk’ for the required 45-day period.
The Tax Practitioners Board has banned former PwC partner Richard Gregg for four years after finding he made false or misleading statements concerning research and development tax incentives, resulting in a tax shortfall of $11 million and $800,000 in fines for his clients.
A former EY partner accused of promoting a tax loss scheme has hit back at the ATO’s case on the first day of trial, saying he gave objective advice and the case is an overreach.
K&L Gates has bolstered its tax disputes offering, snagging a partner from Deloitte with experience in transfer pricing controversies for its Sydney office.
The NSW tax office has succeeded on appeal in its fight with Uber over five years of payroll tax totalling more than $81 million, with an appeals court finding that payments made to drivers are taxable.
A Sydney accountant who was jailed in 2019 for perverting the course of justice has lost his latest battle with the tax office, with a judge tossing four taxation appeals by related entities after finding his evidence about over $21 million in wrongly claimed tax deductions was “entirely lacking in credibility”.
Pitcher Partners has won its bid for a separate hearing on whether the liquidator of collapsed IT company Titan Interactive is entitled to any relief on its claims the accounting firm breached its duty of care in providing tax advice.
The liquidator of six companies linked to the nephew of former Nudie Juice founder Andrew Binetter has secured approval for a settlement in a case over the fallout of a massive tax evasion scheme.
Baker McKenzie has poached a banking and finance partner from Norton Rose Fulbright.
A liquidator has opened his case over the alleged misuse of funds by now defunct Dyldam Developments, as the court hears of “oddities” in financial records and the spaghetti-like structure of 157 interrelated entities.