PROFESSION • By Malavika Santhebennur

‘We don’t see the mischief’: Bodies slam double taxation on corporate beneficiaries

The IPA has defended the legitimate use of discretionary trusts and argued that the potential double taxation of corporate beneficiaries “goes beyond that policy intent”.

A dram of Laphroaig and a Lamborghini: Accountants make dodgy deal to extract $420k from client

Two accountants have been found to have breached their fiduciary duties owed to their client after they urged him to buy a slice of their property, leaving him with nothing and them nearly half a million dollars richer.

PROFESSION • By Carlos Tse

Director faces $250k in penalties, 15-year disqualification for swindling First Nations customers

Directors have been caught red-handed for operating a funeral insurance scheme that saw unaffordable premium increases for its First Nations clientele, with one copping hefty penalties and disqualification.

TAX • By Carlos Tse

Uber’s rideshare model does not shield it from payroll tax, court finds

Uber has lost its bid to dodge an $81 million tax bill for the payments it made to drivers, with the High Court rejecting its argument that it was merely a “limited payment collection agent”.

TAX • By Naomi Neilson