If you are late on a BAS statement, they’ll fine ya, come right after ya, threaten ya, but if it’s a blue chip one billion dollar tax scam, yer in another class, the untouchables, or at least the very-hard-to-touchables, or the touchables-four-years-later. What’s the scam?
The Tax Office has – four years after we first revealed its big retirement village rort – finally finalised its Draft Determination TD2022/14 confirming that you can’t double dip, as stated here:
ATO ruling? Yes.
Meanwhile, Lendlease continues to publicly ignore the ATO and crush the whistleblower, former Lendlease tax adviser Anthony Watson, in the courts (story below). For its part, even though it is probably up for $300m and may have to restate years of statutory financial statements, there has not yet been a squeak from the company in terms of material disclosure.
Lendlease did respond to questions after publication (and frankly we can’t understand what they are talking about but they appear to be living very much in denial if they think this is not about them).
Questions to Lendlease put today. We will revert when the answers come.
1. The ATO’s ruling confirming Lendlease cannot double count its tax deductions has been published.
- Why hasn’t Lendlease disclosed this information to the market?
- What is the quantum involved?
- The ATO must be close to finalising its audit, now that a public statement of the law has been made. Where is the audit?
- Is…
