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Motor Companies Tax Appeal Dismissed by Privy Council
Australian share holders in three Melbourne motor firms Lane's Motors Neal's Motors and Mel ord Motors had their £1,953,356 income tax appeal rejected with costs by the Privy Council. The case concerned special dividends linked to Pactolus Pty and sought to overturn a High Court ruling upholding tax payable, including penalties, under provisions designed to curb tax avoidance.
MENTIONED IN THIS ARTICLE
Leonard Alfred Zennt
Robert Nathan
High Court of Australia
Justice Kitto
High Court
Pactolus Pty
London
Reuter
Melbourne
Privy Council
Lane's Motors Pty, Ltd
Neal's Motors Pty, Ltd
Melord Motors Pty, Ltd
Lavwri
Joseph Newton
Lionel Newton
Francia Uno
Denning
Cranes
Australia
Awa