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Confirmation Bias, page-69

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    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.
 
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