Nothing For Creditors In Lawyers' Talkfest

A LIQUIDATOR was entitled to pursue "recalcitrant directors" in court even if the entire proceeds went to a litigation funder and creditors received no return, the accounting firm, PricewaterhouseCoopers, has told the NSW Court of Appeal.

Hardie Withheld Data, Court Told

JAMES HARDIE INDUSTRIES withheld information from the Australian Taxation Office during an audit of its 2002 income, which has led to a $240 million dispute and a claim that the company illegally contrived its affairs to obtain tax benefits, the Federal Court heard last week.

Tax Office Blunder Allows Developer To Avoid Jail Term

THE Australian Taxation Office has bungled one of its longest and most expensive investigations, leaving its Victorian millionaire target to walk away from court this week. Nicholas Corcoris

Tax Office Bungle Allows Man To Walk From Court

THE Australian Taxation Office has bungled one of its longest and most expensive investigations, leaving its Victorian millionaire target to walk away from court this week. Fatal flaws in the central evidence against businessman Nicholas Corcoris, 57, were recently exposed during testimony by a senior Tax Office auditor.

Lawyer Linked To Wheatley Faces Jail

ONE of Australia's leading sports and entertainment lawyers is facing up to 10 years in prison for allegedly helping set up the tax scheme that led to the jailing of music promoter Glenn Wheatley.

Police Tell Vanuatu Connection: Be Afraid

ABOUT 15 business premises, lawyers' offices and private homes belonging to Australian expatriates in Vanuatu and New Zealand have been raided by Australian Federal Police in connection with a two-year investigation into money laundering and tax evasion.

The Vanuatu Connection - Be Concerned, Police Warn

ABOUT 15 business premises, lawyers' offices and private homes belonging to Australian expatriates in Vanuatu and New Zealand have been raided by Australian Federal Police in connection with a two-year investigation into money laundering and tax evasion.

The Vanuatu Connection - Be Concerned, Afp Warns

ABOUT 15 business premises, lawyers' offices and private homes belonging to Australian expatriates in Vanuatu and New Zealand have been raided by Australian Federal Police in connection with a two-year investigation into money laundering and tax evasion. "If you have dealt with PKF Vanuatu over the last 10 years be concerned, be very, very concerned," a senior federal police officer warned yesterday in the wake of the raids, which formed part of Project Wickenby, the joint federal police and ...

Asic Barrister To Attend Richardson Hearing

THE corporate regulator has intervened in the 18-month dispute between Graham Richardson and the Australian Taxation Office over the contents of a Swiss bank account.

Regulator, Taxman At Odds Over Richo Case

THE corporate regulator has intervened in the 18-month dispute between Graham Richardson and the Australian Taxation Office over the contents of a Swiss bank account.

Leading Us Businessman Sells 17% Flat Tax

ONE of the world's most influential businessmen has suggested that Australia should replace its entire tax system with a blanket 17 per cent flat tax - claiming that taxation lawyers would be the only losers.

Tax Ruling Offers Reith Room To Cut Phone Debt

AUSTRALIA'S top accountants have called on the Taxation Commissioner to rule whether Workplace Relations Minister Peter Reith can claim his $50,000 Telecard bill as a tax deduction. The National Tax and Accountants' Association president Ray Regan said his office believed Australia's 10 million t

The Road To Reform Leads To A Simpler Tax Structure

WHILE there is general agreement among taxation economists that a value added-type tax, like the proposed goods and services tax for Australia, is an efficient tax when levied at a single rate with virtually no exemptions, the introduction of a GST is not the be-all and end-all of tax reform, especi

Call For Taxation Advisory Boards

The Taxation Institute of Australia has called on the Federal Government to improve tax law administration by developing tax advisory review boards. TIA spokeswoman Annamaria Carey said setting up a formal system of review would introduce more certainty and consistency into tax administration and

Lawyers Fear Tax Plunder Of Injury Awards

Personal injury lawyers have expressed alarm over a landmark court ruling yesterday which will allow the Commissioner of Taxation to raise millions of dollars each year by taxing interest payments in compensation cases. They say the "puzzling" judgment will affect thousands of people ea

Tax Judgment Alarms Lawyers

Personal injury lawyers are alarmed by a landmark court ruling which will allow the Commissioner of Taxation to tax interest payments on compensation awards. They fear the commissioner could plunder compensation payouts made in recent years apart from raising millions of dollars from future judg

The Explosion Of Litigation And Legal Rights Will Require Control Of Lawyers' Fees

HOW can we prevent the growing encroachment of lawyers into every aspect of our daily lives and into the processes of government? It might seem somewhat late to ask this question, since we are already nearly as litigious a society as the United States, with a taxation law so complex that even the H

Lawyers 'selling Secret Rta Data'

LAWYERS with official access to confidential computer data on NSW drivers are accused of corruptly selling information to private investigators hunting runaway debtors. Allegations that some are abusing their special privileges have been made by a Roads and Traffic Authority (RTA) employee

A Way To Keep Lawyers At Bay

I HAVE nothing against lawyers, but I am not constantly looking for reasons to call them in. They are expensive. You never know when you will want an undertaker, but you don't keep one on stand-by. An old principle of mine, that I should be able to understand without translation the laws I