aop
ad

Hogan scores major win in tax fight

by Accountancy Age Staff

More from this author

30 Oct 2008

Medium

Lawyers were forced to admit in Australian Federal Court yesterday a major bungle by the Australian Crime Commission which, because of a technical glitch, had mistakenly deleted from its top secret database many of Paul Hogan’s personal finance documents seized from his accountant.

In a humiliating backdown, the commission had to return tens of thousands of Hogan’ documents which were seized during its investigation into claims he hid millions of dollars in a complex web of overseas trusts, Sydney’s Daily Telegraph reports.

Hogan’s lawyers have applied to exclude those who viewed the documents from the investigation. Tim Game SC, barrister for the commission, said this would cripple the authority's efforts.

Hogan’s barrister, Francois Kunc SC, accused the ACC of spending ‘extraordinary’ amounts of money in a pointless fight. The ACC has agreed to pay some of Hogan's legal costs from 2006 onwards, which are estimated at up to $A5m (₤2m) of Australian taxpayers’ money in addition to at least another $A5m spent to investigate the Crocodile Dundee star’s tax affairs.

Further reading:

Crocodile Dundee: Oz tax authorities 'bullies'

E&Y behind Crocodile Dundee star's tax advice

Read the Daily Telegraph story

Visitor comments Add your comment

display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit

Search thousands of financial jobs:

Information currently unavailable.

Search thousands of financial jobs:

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

Supplier Statement Reconciliations cover

Supplier statement reconciliations: Manual chore or critical value adding process?

By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.

7 Building Blocks cover

7 building blocks for business growth

Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities