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Tax case - Merrill Lynch International Australia Ltd v Commissioner of Taxation

Published on 01 Oct 01 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

This article discusses the recent decision of Merrill Lynch International Australia Ltd v Commissioner of Taxation [2001] FCA 1127. This decision held that bonuses in the bonus pool of the taxpayer as at the end of the tax year were not deductible in that year since the bonuses were not incurred in that year.

Author profile:

Annamaria Carey
Annamaria is a Senior Tax Writer with ATP. She has 20 years experience in tax, spanning publishing, the ATO, commerce and the tax profession. Annamaria has been involved in formal liaison with the ATO and Treasury on a number of Committees including the Consolidation Joint Design Team. She has recently published a textbook on 'Consolidations - The Adviser's Guide' and has addressed a number of forums on consolidations. Current at 18 May 2004 Click here to expand/collapse more articles by Annamaria CAREY.
 
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