Tag: Tax Scam

LNP, LNP Economic Management, LNP Government

Confession time for Lendlease as Tax Office bears down on humungous tax rort – Michael West
Lendlease, ATO, tax

Nine Entertainment chief Hugh Marks dumped for having sex, Christine Holgate chopped at Australia Post over $20,000 in bonuses. Meanwhile, the top brass at Lendlease, having presided over a billion dollar tax scam, nonchalantly claim they are “continuing to engage with the ATO and await the finalisation of its draft determination”. Michael West reports.

Confession time for Lendlease as Tax Office bears down on humungous tax rort – Michael West
White Collar Crime

Staggering number of alleged crimes in massive tax scam – ABC News (Australian Broadcasting Corporation)

What is phoenixing? When a director strips cash and assets before hiding them and liquidating the company, then restarting Usually restarted under a different name, “like a phoenix from the flames” Done to deny creditors and ATO the money owed to them

Source: Staggering number of alleged crimes in massive tax scam – ABC News (Australian Broadcasting Corporation)