March 31, 2023

Australia: Corporate tax avoiders to be fast-tracked through courts, says ATO

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By Heath Aston From The Sydney Morning Herald The Australian Tax Office is close to striking a deal with the Federal Court to fast-track large corporate tax cases that have dragged on for years. Tax Commissioner Chris Jordan said the ATO had “hardened its approach” to corporate tax avoidance and was refusing to be “stooged and […]

ATO win on treaty interpretation and valuation principles

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By Chris Kinsella Maddocks Australia, Cayman Islands This morning (3), the Full Federal Court found in favour of the Commissioner of Taxation over the capital gains tax on a $58 million gain made by a Cayman Islands fund in Australian gold miner, St Barbara Mines Ltd. In two tranches, July 2007 and January 2008, a […]

Tax havens [like Cayman] dying concept: tax commissioner

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From Commissioner of Taxation Chris Jordan has warned that the concept of the tax haven is dying and it is only a matter of time before dodgers are caught. Addressing a conference in Hobart, the commissioner urged all taxpayers with offshore assets to declare their interests ahead of a global crackdown. The Australian Taxation […]