ISX 0.00% $1.07 isignthis ltd

Confirmation Bias, page-69

  1. 266 Posts.
    lightbulb Created with Sketch. 107

    All this who ha, la la la about JK's tax affairs from trolls

    Have a read of the most infamous of them all......

    The ATO initially pursued the duo for unpaid tax in excess of $150 million, claiming they had evaded tax by channelling the massive profits from the Crocodile Dundee franchise through a series of overseas tax havens. In 2012, after five years of legal wrangling and the dropping of the criminal investigation, Hogan and Cornell reached a confidential settlement with the ATO.Now, for the first time, the Tax Commissioner has given a strong indication of just how much that settlement was.
    "Because someone doesn't go to court and get formally charged doesn't mean - I am talking in a general sense - they haven't paid a substantial amount of tax to settle the matter," Mr Jordan told the Senate committee.The commissioner said "it takes a lot to prove criminal intent" and that from the ATO's point of view it was often more cost-effective to accept a payment."If we get tens of millions of dollars that covers tax and penalties, we will often settle, quite rightly, because we've got the money," he said.
watchlist Created with Sketch. Add ISX (ASX) to my watchlist
(20min delay)
Mkt cap ! $1.177B
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0
ISX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.