The High Court has declined to weigh in on a dispute between a retired law firm partner and the ATO over tax on $182,000 in goodwill payments the lawyer received upon exiting the firm’s partnership.
A retired law firm partner has taken his battle with the ATO to the High Court, arguing he is not liable to be taxed on $182,000 in goodwill payments he received on exiting the firm’s partnership in 2008.Ā
A former law firm partner has lost his scrap with the Australian Taxation Office over exit payments he received on retirement, with a court ruling his $180,000 payout could not be offset against repayments made to the partnership’s capital account.Ā
iSignthis CEO John Karantzis claims the ATO misled the court when it sought a freezing order over his assets in a dispute over an alleged $10.7 million tax debt, saying the tax office failed to give the judge āmaterialā information.
A judge has extended by a week a freezing order over the assets of ISignthis CEO John Karantzis in a dispute with the Australian Taxation Office over a $10.7M alleged tax debt, but a bid to extend the scope of the order to include shares in a Cyprus-based company launched by the fintech businessman has failed for now.
Westpac will serve court documents, including a motion for contempt, on Forum founder Bill Papas by text message after securing a Greek mobile number for the absent accused fraudster, as the judge overseeing the bank’s case pulled up Papas’ former lawyer for treating his courtroom like a “suburban golf club”.
A restaurant director will have to pay over $33,000 in unpaid tax after an appeals court found that despite a prolonged period of severe illness it was still reasonable to expect that management of the business and the fulfillment of tax obligations would continue.
Mining firm Mach Energy is facing legal action from its former managing director over $20 million in shares allegedly owed under an equity incentive scheme.