On the first day of trial in the Tax Office’s case against a former EY partner accused of marketing a tax loss access scheme and pocketing $700,000 in the process, the court heard former clients were assured the scheme was “risky but not illegal”.
Accounting firm EY has signed a 10-year lease with Charter Hall for its new Melbourne headquarters in the East End Place precinct, just a stone’s throw from Parliament.
Risk advisory expert Doug Nixon has joined Clayton Utz as a partner after 20 years at Ernst & Young.
An ex-EY partner accused of pocketing $700,000 in commissions in a tax loss scheme wants to vindicate his reputation at trial but is weighing whether to keep his silence, a court has heard.
A former EY partner accused of pocketing $700,000 in secret commissions as part of a tax loss scheme has invoked privilege against exposure to penalty in a client’s suit.
If it takes up the Federal Court’s ruling in favour of solicitors seeking to earn a cut from a class action, the High Court will be asked to overrule its 2019 decision against common fund orders.
A former EY partner who was ousted after the tax office claimed he had promoted a $700,000 tax exploitation scheme has argued he is entitled to claim privilege over communications with the accounting firm’s general counsel and an external barrister, despite EY having waived it.
The High Court has been asked to overturn a Full Court decision finding lawyers can take a cut from a class action settlement under a solicitors’ common fund order and to finally settle the question of whether the court has the power to issue common fund orders at all.
A former Ernst & Young partner accused of promoting tax exploitation schemes wants to strike out portions of the ATO’s case, but the tax office argues he has threatened the application since last year and is preoccupied with a satellite fight to keep his name out of the media.
A former Ernst & Young partner has claimed privilege against exposure to penalty and is seeking orders to avoid filing a defence in proceedings by the Australian Taxation Office alleging he promoted tax exploitation schemes.