إعلانات Zone 4B

[CLOSE]

إعلانات Zone 3B

[CLOSE]
أحدث الأخبار:

إعلانات Zone 2B

[CLOSE]

Obeid wives settle multimillion-dollar tax dispute

آخر تحديث:
المصدر: The Sydney Morning Herald
الكاتب:
عدد المشاهدات: 9863
قيّم هذا المقال/الخبر:
0
حجم الخط: A+ A-
نسخة صالحة للطباعة   نسخة نصية   أرسل إلى صديق

إعلانات Zone 6B

Eddie and Judith Obeid leave an ICAC hearing in Sydney in 2014. Photo: Nic Walker

On the eve of a court hearing to force the Obeid family to pay crippling tax bills, the controversial clan has capitulated and agreed to pay millions to the Tax Office to resolve the dispute.

 

The ATO was expected to face off against the family's lawyers in the Supreme Court on Monday, seeking an order that family matriarch Judith, two daughters and three daughters-in-law pay bills totalling almost $8 million. It is unknown how much the women have agreed to pay to settle the case.

 

 

In the wake of a sensational corruption inquiry into a coal deal over the Obeid family's Mount Penny farm, the ATO launched an audit of a $30 million windfall which wound its way through a complex web of family trusts and companies.

Advertisement

 

The ICAC heard that almost half the proceeds were used to purchase luxury homes for four of the Obeids' nine children.

 

Mrs Obeid, the wife of disgraced former Labor minister Eddie, along with their daughters Rebecca Joummaa and Gemma Vrana and daughters-in-law Lucia, Maree and Carol Obeid, were hit with hefty tax bills plus penalties in 2013.

 

Smaller bills for about $55,000 each were also sent to four of the couple's five sons, Damian, Paul, Gerard and Eddie Obeid jnr.

 

Each of the Obeids was challenging their respective bills in the Federal Court, along with a corporate trustee representing 24 grandchildren under 18 who are beneficiaries of a family trust.

 

While the Federal Court case was underway, the Tax Office commenced proceedings in the Supreme Court to force the women – who had the majority of the tax debt – to pay up immediately.

 

The settlement of the Supreme Court proceedings pre-empts the likelihood of the court publicly ordering the women to pay up.

 

There is no defence to an income tax assessment. Under s 177 of the Income Tax Assessment Act, a notice of assessment is regarded by the court as conclusive evidence of a tax liability and the court must enter judgment for the Tax Office.

 

At the heart of the separate Federal Court case was whether the $30 million from the coal deal was ordinary income – and taxed at the full tax rate – or was on capital account, which would entitle the family to a 50 per cent discount on their tax bill. That question, in turn, centred on whether the family intended to keep their investment in a coal mine over their property or to on-sell it immediately for a profit. The Federal Court case has not yet been dropped.

 

Earlier this year, the ATO's barrister, Sandrah Foda, urged the Supreme Court not to be "led down the garden path" or allow the case to be "derailed" by the Federal Court dispute.

 

 

المصدر: The Sydney Morning Herald

إشترك في خلاصة التعليقات عدد التعليقات: (0 منشور)

المجموع: | عرض:

إكتب تعليق

البريد الالكتروني يبقى سرّي و لا ينشر
  • عريض
  • مائل
  • خط بالأسفل
  • إقتباس

- التعليقات الواردة من القراء هي مسؤولية أصحابها ولا تعبر عن رأي إدارة الموقع بالضرورة
- تتم مراجعة تعليقاتكم قبل نشرها عن طريق إدارة الموقع

- (سياسة نشر التعليقات)

تابعونا

أحدث الأخبار - أستراليا

  1. الديبلوماسية الروسية صاروخ في الخاصرة الأمريكية لتطوير ستاتيكو سياسي وليس لأنتاج 14 أذار سوري (5.00)

  2. لماذا ميشال سماحة؟ (5.00)

  3. انزال القوات البرية في عدن بدأ ولكن بجنود من اصول يمنية في الجيشين السعودي والاماراتي.. هل سيحسم هؤلاء الحرب؟ ويهزمون الحوثيين وحلفاءهم؟ وما هي استراتيجية ايران الحقيقية؟ وكيف سيكون المخرج الامثل؟ (5.00)

  4. طرابلس تكرّم أنديتها على إنجازاتها التاريخية.. ميقاتي: لبنان بحاجة إليكم لتسجيل الأهداف لمصلحة الوطن (5.00)

  5. بعد حكم عادل إمام و"وديع" الإبداع بين المنع والإباحة بمصر (5.00)

  6. أستراليا.. تهنئة قنصل لبنان العام جورج البيطارغانم بمناسبة حلول "عيد الفصح المجيد" لدى الطوائف الكاثوليكية (5.00)

  7. ملياردير مصري ينوي شراء جزيرة لسكن اللاجئين السوريين (5.00)

  8. جهاد المناكحة وما أدراك ما جهاد المناكحة؟ (5.00)