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Q&A: Tricks and traps when settling disputes

Published on 01 Sep 04 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

It is no surprise to anyone that Australians are becoming more litigious. As trusted advisers to clients of various shapes and forms, all of us have or will need to deal with the taxation aspects arising from out-of-court settlement sums paid and received by our clients. This includes income tax issues as well as goods and services tax issues and, of course, it's never as easy as it should be.

Author profiles

Michael Parker CTA
Photo of author, Michael PARKER Michael is a Partner in the Taxation section of Hall & Wilcox Lawyers. His practice focuses on tax disputes, domestic income tax issues, including CGT and Div 7A, business sales, acquisitions and restructures and GST. Michael has extensive experience handling a broad range of taxpayer disputes, including disputes concerning the small business CGT concessions, having acted for the taxpayers in White v FCT [2009] FCA 880, White v FCT [2012] FCA 109 and Altnot v FCT [2013] AATA 140, among other cases. Michael regularly consults to the Board of Taxation and Treasury, including in respect of Div 7A, small business impediments and the small business CGT concessions. He is a regular presenter for The Tax Institute. - Current at 05 May 2022
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Jerome Tse CTA-Life
Photo of author, Jerome TSE Jerome Tse, CTA is a Partner at King & Wood Mallesons, specialising in taxation disputes and litigation. Jerome is also the firm’s global transfer pricing coordinator. Jerome is an experienced tax practitioner and has been involved in a number of Australia’s recent high profile tax cases. Jerome was the 2022 Tax Institute President. - Current at 09 August 2023
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