Tax

The ACT revenue office has lost its claim that developer Molonglo should pay $100 million to develop land held under a Crown lease, while Molonglo’s argument that the tax should be nil has also been rejected.

A judge has flagged the possibility of referring lawyers acting for Alvarez & Marsal to the legal watchdog after hearing the consultant's costs of complying with preliminary discovery orders won by Ernst & Young could top $500,000.

Victoria's student housing pipeline has surpassed NSW, but most projects are still at the approval stage, according to a Property Council report which expressed concerns the state's land taxes are slowing development.

Former PricewaterhouseCoopers CEO Thomas Seymour has been banned from registering as a tax agent for four years, after the regulator found he permitted a culture within the accounting firm of sharing confidential information.

Japan-based Mitsui has sued Esso Australia and Woodside Energy, its partners in the Kipper gas field in the Bass Strait, disputing their claims that it owes $298 million in taxes and alleging it overpaid fees to the tune of $20.3 million. 

Uber wants the High Court to weigh in on its dispute with the NSW State Revenue Office over five years of payroll tax, after an appeals court found payments made to drivers were taxable. 

The Queensland Commissioner of State Revenue has lost an appeal against the Montessori Children’s Foundation after it refused the organisation's bid to be registered as a charity to avoid property taxes.

While multinational companies will welcome a recent High Court decision that let PepsiCo off the hook for royalty withholding tax and diverted profits tax, experts agree the decision won't provide a carte blanche to skirt taxes.

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.