Name: Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Position: Chief Executive Officer
Telephone: 02 9904 6800
Frank Egan is the Managing Director of LAC Lawyers and has over 29 years experience as a lawyer. Frank heads up our taxation group and specialises in both onshore and offshore taxation arrangements including tax havens. He does not deal with any indirect taxation matters e.g. land tax, stamp duty or payroll tax. He is available to advise clients whether corporate or private on large, serious or complicated matters.
Most legal problems arise because clients fail to take proper legal advice at an early stage. Matters only worsen when clients act unadvised or seek advice from other professionals. Eventually the matter balloons out of control and the costs associated with it explode. At LAC Lawyers we encourage clients to consult us early to achieve a better outcome by avoiding many of the traps and pitfalls associated with this.
Matters in which Frank has been involved include taxation advice on a wide range of tax matters including serious non-compliance and the use of tax havens; regular liaison with the ATO on tax fraud, tax avoidance, tax evasion, Wickenby-type matters, various taxation arrangements, voluntary disclosure, taxation negotiations, penalties and interest, taxation offences, failure to lodge returns whether business or personal, structuring, criminal prosecutions and referrals to the Commonwealth Director of Public Prosecutions (CDPP) across all Commonwealth taxes.
Currently all areas of the law are undergoing great structural change which brings with it substantial uncertainty and tremendous confusion for clients. At LAC Lawyers we help our clients by making sense of the law through advice which is timely, easily understood and which outlines various courses of action open to them irrespective of the nature of the matter.
One of the areas undergoing the greatest structural change is taxation. Obviously governments all over the world are feeling the pressure of the global financial crisis. As a result they need to maximise taxation recoveries to allow their treasuries to meet their ongoing financial obligations. This has led to the government paying far greater attention to taxation causing the Australian Taxation Office (ATO) and other revenue authorities to focus on many taxation arrangements to ascertain whether they fall within legitimate taxation planning principals or whether they amount to taxation exploitation schemes and are therefore non-compliant.
Unfortunately for many they have entered into schemes or arrangements which involve either payments, loans or debt forgiveness relying on offshore structures and concealment for their efficacy which are nothing more than rude, crude frauds. Tax is always complicated but is made more so where taxpayers rely on artificial devices, methodologies and/or structures to minimise tax.
Where tax planning is a sham or a fraud or of non legal effect and contrivances are relied upon to minimise tax they are fraught with danger and expose taxpayers to the harshest possible treatment including imprisonment if they do not seek proper advice to assist them to mitigate the consequences of their actions. All of our clients require independence and confidentiality as they are normally high-net worth individuals who wish to be kept out of the public eye.
Many taxpayers maintain that because they relied upon their accountant and/or financial planner they have a layer of protection which will assist to insulate them from the harshness of tax non-compliance. There is absolutely no substance to this point of view as the liability arising from the tax shortfall belongs to the taxpayer and not the adviser. Where the taxpayer has been poorly advised their remedy lies against their adviser but this does little to stifle the mountain of debt including penalties and interest to satisfy the tax shortfall.
Where a taxpayer believes their taxation affairs are tax-non-compliant they need to retain a tax lawyer to obtain expert advice and assistance and the benefit of legal professional privilege. The accountant’s concession will not protect the taxpayer from due search and enquiry by the Tax Office where fraud or evasion is detected. All records, documents and working papers are available to the Tax Office or the AFP whether by warrant, subpoena or discovery in these circumstances.
Qualifications
- Bachelor of Arts
- Bachelor of Laws
- Diploma in Industrial Law & Labour Relations
- Fellow of the Taxation Institute of Australia
Memberships
- Taxation Institute of Australia
- Law Council of Australia - Business Law Section
- Law Society of NSW
Admitted to
- All NSW AND Victorian State Courts.
- All Federal Courts including High Court of Australia
Registered to Practice in
Articles Written
Criminal Law - More about Centrelink Fraud
Date: August 12, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary), Charuna Shah LL.B.
Taxation Law - CGT and Trust Cloning Exception
Date: June 15, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary), Adrian Culas LL.B. (Hons.), CLP.
Taxation Law - CGT and Trust Cloning
Date: June 10, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary), Adrian Culas LL.B. (Hons.), CLP.
Taxation Law - Liquidation of Entities - Tax Consequences
Date: June 10, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Criminal Law - Apprehended Violence Orders - Offences
Date: May 21, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Criminal Law - Apprehended Violence Orders - Court and Penalties
Date: May 21, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Consequences of Directors Penalty Notices
Date: April 16, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Directors' Liability for Tax
Date: April 08, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Taxation Disputes - Resolution
Date: March 09, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Taxation Disputes - Concealment
Date: March 08, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Criminal Law - Centrelink Offences
Date: January 23, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary), Charuna Shah LL.B.
Taxation Law - Wickenby Legal Professional Privilege
Date: January 22, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Taxation Disputes - Default Assessments
Date: January 20, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Enforcement
Date: January 14, 2009
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
De Facto Relationships, A New South Wales and Victorian Perspective
Date: December 31, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Home Warranty Insurance
Date: December 31, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Taxation Disputes
Date: December 03, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Some Traps and Pitfalls with Taxation Interviews
Date: October 23, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Don't Attempt to Rewrite History
Date: October 22, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - A Lesson from Vanuatu
Date: October 22, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Money Laundering
Date: August 14, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Hoges v The Taxman - Taxation Considerations
Date: August 05, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Business Records and Substantiation
Date: July 27, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Get the Right Advice
Date: July 27, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Energy Grants and Fuel Tax Credits
Date: July 02, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Some Aspects of Voluntary Disclosure Not Readily Understood
Date: June 29, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Tax Havens & Criminality
Date: June 23, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Tax Law - Vanuatu and the use of overseas tax havens
Date: May 08, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Tax Evasion - Offshore Activities
Date: May 04, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Tax Fraud
Date: March 14, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Overseas Dealings
Date: March 13, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Promoters
Date: March 13, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Tax Havens
Date: March 13, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Offshore Funds and Structures
Date: February 20, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Have You Received A Letter From The Australian Tax Office
Date: February 18, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Offshore Non-Complying Arrangements
Date: February 12, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Tax Havens and Non-Compliance
Date: February 11, 2008
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Insurance Law and Business Interruption Insurance
Date: December 05, 2007
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Arrangements to Avoid Australian Tax - Could This Be You?
Date: November 18, 2007
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Taxation Settlements
Date: September 11, 2007
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Some Criminal Consequences of Tax Evasion
Date: September 09, 2007
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Major ATO Targets For 2007/2008 Tax Year
Date: September 04, 2007
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Voluntary Disclosure
Date: August 15, 2007
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - The Glen Wheatley Case - The Value Of Coming Forward - Was It An Unprompted Voluntary Disclosure?
Date: July 31, 2007
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Insurance Law - Storm Claims and the Newcastle/Hunter Region
Date: June 21, 2007
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Negotiation
Date: May 22, 2007
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Owner Builders and Home Warranty Insurance - NSW
Date: May 03, 2007
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Goods and Services Tax
Date: May 01, 2007
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Essential Will Information
Date: November 08, 2006
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Criminal Law - How Serious Are AVOs (New South Wales)
Date: October 12, 2006
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - Tax Evasion - How Do The Criminal Courts Treat Tax Evaders
Date: October 11, 2006
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Insurance Law - The different types of Insurance Claims and why they are sometimes denied
Date: October 09, 2006
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Taxation Law - The old adage “you get what you pay for” is as true today as it has ever been.
Date: September 11, 2006
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Does The Duty of Utmost Good Faith Apply to Claims
Date: May 04, 2006
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Claim Brokers
Date: May 02, 2006
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Why Insurance Claims Are Not Paid
Date: May 02, 2006
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
Employment Law – Unfair Dismissal and the Workplace Relations System
Date: March 26, 2006
Authors:Frank Egan B.A., LL.B., A.C.L.A., F.T.I.A. (Notary)
|