ATO

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”.

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.

Derrimut Health and Fitness has challenged the Australian Taxation Office's rejection of its bid to pay a $14.6 million tax debt in installments. 

Australian Tax Office whistleblower Richard Boyle has pleaded guilty to four charges connected to disclosures he made against his employer, but will avoid jail.

A former EY partner who is in court over an alleged tax exploitation scheme has been banned for five years by the Tax Practitioner’s Board, which claims he engaged in “serious, deliberate and dishonest” misconduct. 

Lendlease has told a court that documents relied on by an ex-Greenwoods and Herbert Smith Freehills partner in his case contain privileged legal advice and without prejudice communications with the Australian Tax Office.

Collapsed Sydney developer Dyldam has denied wrongdoing in a lawsuit alleging members of the Fayad family used $74 million in sale proceeds for personal benefit and sought to conceal that fact from business partners.

An appeals court has found that an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, upending the ATO’s longstanding practice of treating UPEs as part of a trustee's assessable income.

Maxcon Developments, which allegedly owes $23 million in unpaid tax, has lost its bid to stay orders winding up the business, with a judge deeming the company “hopelessly insolvent”.