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Tax Case: Pride comes before a fall

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Published on 01 Apr 05 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

The Full Federal Court has dismissed an appeal by the taxpayer in Pridecraft Pty Ltd v Commissioner of Taxation [2004] FCAFC 339, upholding the decision of Merkel J at first instance and confirming the Commissioners stance against what he viewed as a harmful tax scheme cloaked as an employee rewards system.

Author profiles

Aaron MACGREGOR
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Julian Pinson FTI
Julian is a Partner at Greenwoods & Herbert Smith Freehills Pty Limited. Julian advises on a wide range of tax matters, with a focus on banking and financial services, property, M&A and funds management. Julian has particular expertise in cross-border finance, TOFA, corporate restructures, debt and equity raisings and M&A. - Current at 22 November 2021
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