This paper provides an overview of significant cases and rulings of interest to practitioners advising in the corporate sector. In particular, the material covered includes recent High Court cases and significant ATO taxation rulings including:
- Commissioner of Taxation v Unit Trend Services Pty Ltd [2013] HCA 16(1 May 2013)
- Commissioner of Taxation v Consolidated Media Holdings Ltd [2012]HCA 55 (5 December 2012)
- Mills v Commissioner of Taxation [2012] HCA 51 (14 November 2012)
- Commissioner of Taxation v Qantas Airways Ltd [2012] HCA 41 (2 October 2012)
- TR 2012/5 – Income tax: s 254T of the Corporations Act 2001 and the assessment and franking of dividends paid from 28 June 2010
- TR 2013/D2 – Income tax: commercial software developers: derivation of incomefrom agreements for the right to use proprietary software and the provision of related services.
It also reflects on the ATO’s focus on alternative dispute resolution (ADR) and the new independent review process.