Hearings
07 Jul 1958 [1958] 3 WLR 195, PC
07 Jul 1958 [1958] AC 450, PC
Newton v Comr of Taxation of the Commonwealth of Australia
Subject Matter
REVENUE — Australia — Revenue — Income tax — Avoidance — Private company — Special dividend — Share transactions — “Arrangement” resulting in increase of capital of company and capital payment to shareholders — Purpose and effect of avoiding liability for tax — “Absolutely void” as against commissioner — Penalty — “Arrangement” — “Purpose” — “Effect” — “Avoid” — Income Tax and Social Services Contribution Assessment Act, 1936–1951 (Commonwealth), ss. 226 (2), 260.
REVENUE — Tax avoidance scheme.
REVENUE — Australia — Revenue — Income tax — Avoidance — Private company — Special dividend — Share transactions — “Arrangement” resulting in increase of capital of company and capital payment to shareholders — Purpose and effect of avoiding liability for tax — “Absolutely void” as against commissioner — Penalty — “Arrangement” — “Purpose” — “Effect” — “Avoid” — Income Tax and Social Services Contribution Assessment Act, 1936–1951 (Commonwealth), ss. 226 (2), 260.
REVENUE — Tax avoidance scheme.