Published on 25 Oct 01
by VICTORIAN DIVISION, THE TAX INSTITUTE
This paper discusses the Merrill Lynch case. It has acted like a prism in which various taxation principles and concepts have become trapped and then been deflected in way that might ignore commercial reality and sensible accounting treatment but which may serve the interests of some employers involved in employee incentive plans and highlight the care that must be taken by others.
Graeme Halperin, CTA, of Halperin and Co, is a Barrister and Solicitor with over 30 years’ experience specialising in taxation, trust, estate and commercial law with extensive experience in tax, trust, estate and commercial litigation and dispute resolution. He is a former Chairman of the Breakfast Club, State Convention and Education Committee of the Victorian branch of the Tax Institute, served two terms on the Victorian State Council, served on several Tax Institute technical committees and in 2013 received a Meritorious Service Award from the Tax Institute. He has written many articles on tax related topics and has been a regular Tax Institute presenter since the 1990s. He has contributed to Parliamentary Committees and media articles on a range of tax topics, made submissions to the ATO in relation to draft rulings and in 2018 was interviewed in a Four Corners expose on ATO practices.
- Current at
16 December 2020