Deputy Tax Chief Charged In Massive Australia Fraud

Australian police have smashed a massive fraud syndicate and seized planes, guns, and luxury cars, they said Thursday, with a top-ranking tax official and his son embroiled in the scam. Nine people were held during raids on homes and businesses across New South Wales state on Wednesday, accused of conspiracy to defraud the government of … Read more

Corporate Giants Hit With $2.2 Bn Australia Tax Bill

Australia on Thursday said it had slapped seven large multinationals with a multi-billion-dollar tax bill as it pursued global firms shifting profits offshore to minimise liabilities. The companies hit with the Aus$2.9 billion (US$2.2 billion) bill were not named although miner Rio Tinto said late Wednesday it was required by the Australian Tax Office (ATO) … Read more