Hua Wang Bank Berhad challenge on notice to produce from Samoa and Picton Finance on share trading in Vanuatu [40]

The ATO on Mon 24.6.2013, issued Decision Impact Statements on the following judgments: Hua Wang Bank Berhad v FCT [2013] FCAFC 28 – This Decision Impact Statement outlines the ATO’s response in this case in which the Full Federal Court refused a taxpayer’s appeal from an earlier decision refusing to grant relief from a notice…

*Sent case – ATO agrees that the Taxpayer’s income included both accrued and un-accrued bonuses applied to executive share trusts [36]

The ATO on Mon 3.6.2013, issued a Decision Impact Statement on the Full Federal Court decision in Sent v FCT [2012] FCAFC 187. In that case, the Full Federal Court dismissed the taxpayer’s appeal and held that the full amount of accrued and unaccrued bonus entitlements of id=”mce_marker”1.6m that were instead paid into an executive…

*Commissioner appeals in Cancer and Bowell Research case, despite winning one point and having the other referred back to him [35]

The Commissioner has lodged a notice of appeal to the Federal Court against the decision in AAT Case [2013] AATA 336, Re Cancer and Bowel Research Association Incorporated as trustee for Cancer and Bowel Research Trust and FCT. In that case, the AAT affirmed the Commissioner’s decision to revoke the endorsement of the Cancer and…