The A-Leagues’ major shareholder owns its stake in Australian professional soccer via a series of offshore tax havens,including an infamous PO box in the Cayman Islands.
The tax office is seeking penalties and unpaid taxes of over $80 million,alleging the company set up a scheme to avoid paying tax on the sale of a Sydney hotel in 2015.
The criminal group paid the wages of construction workers in cash without any superannuation or income tax for projects across Sydney and Canberra.
The Albanese government has delayed legislation which will make it more difficult for multinationals to hide their tax avoidance. Now is not the time to give in to the tax dodgers.
The Mormon Church is significantly reducing its use of a controversial shell company after an investigation revealed it had engaged in alleged serious tax evasion in Australia.
The issue was uncovered in the 2021 Royal Commission into Crown Melbourne among voluminous documents that Crown disclosed for other purposes.
More inquiries will uncover further details,but we already know enough to make three broad conclusions about the broken system that is supposed to pursue tax avoidance.
The ATO boss said it took a long time to gather information about the tax leak scandal due to obstacles placed in the authority’s path.
PwC is trying desperately to head off what could be a global crisis for the firm’s network of affiliated businesses,but the damage has already been done.
It’s time to call out the behaviour of a leadership team now in damage control. PwC must face the music and name the names of all involved.
Finance secretary Jenny Wilkinson says the department was kept in the dark over the extent of the breaches of confidentiality by staff at PWC.