Australia pursues Myer profits offshore
The Australian Tax Office (ATO) tells AVCJ that it can’t comment on an ongoing legal matter. This is unfortunate because no else understands how the country’s main revenue collector picks its fights – or what message it wants to send to foreign investors.
Last week the ATO won court orders to pursue the winding up of Luxembourg-based NB Queen SARL and its Cayman Islands parent, TPG Newbridge Myer. These companies were part of the investment structure through...
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