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‘Don’t rock the boat’: Lawyer says Greenwoods & Freehills forced him out over Lendlease ‘tax dodge’
Assured Legal Solutions 2022-04-26 2:29 pm By Christine Caulfield

A former Greenwoods & Freehills partner is suing the tax advisory firm and Lendlease, alleging he was effectively sacked after refusing to put his name to a tax return and making complaints that the construction giant was inflating its income and dodging tax.

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SingTel appeals ATO win over deductions on $14B Optus buy
Appeals 2022-04-22 10:11 pm By Christine Caulfield

Telecommunications giant SingTel is challenging a ruling in favour of the Australian Taxation Office’s decision to reject over $894,000 in tax deductions related to its $14.2 billion acquisition of Optus.

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High Court refuses leave to class action in GST case against developer
Anthony McInerney 2022-04-19 6:59 pm By Cindy Cameronne

The High Court won’t hear a challenge to a decision finding a Canberra property developer that misled investors about GST on its apartments did not have to pay for losses alleged in a class action against it.

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Aurizon wins share capital dispute over $4.4B loan during 2010 float
Allens 2022-04-13 3:09 pm By Miklos Bolza

Rail freight operator Aurizon has triumphed in a tax dispute with the ATO, with a court finding that credit for a $4.4 billion loan by the Queensland government made during an initial public offering in 2010 was share capital despite no shares being issued to the state government.

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PwC can’t ‘rout’ documents through ‘postbox’ lawyer to secure privilege, court finds
Accounting 2022-04-06 5:52 pm By Miklos Bolza

Advice from non-lawyers and “routed” through a legal practitioner at multidisciplinary partnership PricewaterhouseCoopers cannot be shielded under legal professional privilege, the Federal Court has found.

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High Court deals blow to trust beneficiaries in victory for ATO
Appeals 2022-04-06 5:43 pm By Cindy Cameronne

The ATO has won a legal challenge over when it can claim tax from trust income, with the High Court finding beneficiaries cannot “retrospectively expunge” their entitlements to the proceeds of a trust despite the potential “unfairness” this creates.

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ATO hits back at Pepsico lawsuit over Schweppes bottling payments
ATO 2022-03-25 9:31 pm By Miklos Bolza

A notice issued to Pepsico demanding royalty withholding tax over bottling payments made by Schweppes correctly notified the soft drink giant of its tax liability, the Australian Taxation Office has said.

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PwC can’t claim privilege over all advice to JBS, judge finds
Accounting 2022-03-25 10:57 am By Miklos Bolza

A judge has rejected the Australian Taxation Office’s claim that legal professional privilege does not apply to any communications between PricewaterhouseCoopers and its client, meat processor JBS, but has found that many of the reviewed documents do not satisfy the test of privilege.

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SingTel can’t salvage $190,000 in transfer pricing deductions on $14.2B Optus buy
ATO 2022-03-24 4:44 pm By Miklos Bolza

SingTel has been blocked from making $190,000 in tax deductions after the Australian Taxation Office won its Federal Court case against the Singaporean teleco over transfer pricing benefits related to the $14.2 billion acquisition of Optus.

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Another Canberra developer hit with class action over GST payments
Class Actions 2022-03-10 2:42 pm By Miklos Bolza

The Canberra developer behind the Manhattan on the Park apartment building in the national capital has been hit with a class action on behalf of home buyers who were allegedly misled into paying GST on the price of their property.

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