PROFESSION • By Malavika Santhebennur
The excluded election trust is only a band-aid solution to the myriad issues that were raised in the original draft legislation on discretionary trusts, demonstrating that it was not “well thought through”, an accountant said.
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An accountant has panned the government for applying a blanket rule to every discretionary trust without sufficient consultation or examining the data.
PROFESSION • By Malavika Santhebennur
Read MoreIt is almost commonplace to see departing high-ranking executives walk away with substantial payouts, even when implicated in wrongdoing. Employment lawyers break down how these payments work, and whether payouts are contractually stipulated or, as the public often contends, a “reward for failure”.
PROFESSION • By Amelia McNamara
Read MoreThe IPA has defended the legitimate use of discretionary trusts and argued that the potential double taxation of corporate beneficiaries “goes beyond that policy intent”.
PROFESSION • By Malavika Santhebennur
Read MoreTwo 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
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