The Tax Office’s pursuit of a wealthy Taiwanese-Sydney family illustrates how investigations that take years can suddenly accelerate.
The returns, which arrived on December 20, looked normal, written in the same computer-generated format used for 15 million taxpayers every year.
Press reports put the sale at $585 million. The tax office, which was already looking at the family’s finances, wanted to know how much they got, and where all the money went. It believed all four family members owned them equally, although conceded it was possible one family member held the shares on behalf of the other three. That individual could be any of the four, the Tax Office concluded.
Over the next 10 weeks, tax office officials added to their huge file on the Wus. Staff pulled Department of Immigration and Border Protection travel records, company and land title ownership records, directors’ reports and property valuations.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sydney Gay and Lesbian Mardi Gras | The Sydney Morning HeraldThe latest Sydney Gay and Lesbian Mardi Gras news, articles and analysis from the The Sydney Morning Herald
Read more »
Aged care providers publish what they spend on food, care and wagesThe new tool is designed to hold aged care providers to account for how they manage their budgets. But it’s only as good as the data provided.
Read more »
Cult Queensland beauty store Clean Beauty Market expanding to Sydney’s Bondi Junction7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Cops hunt duo in CCTV vision amid Sydney shooting investigationNew South Wales Police have issued a public appeal for information as they continue to investigate a shooting in Western Sydney last year which left one man in a critical condition.
Read more »
Man Arrested After Firefighters Battle Blaze in SydneyA man has been arrested after more than 50 firefighters spent the early hours of this morning extinguishing a ferocious blaze in Sydney's west. The fire broke out at a building on Good Street in Granville and firefighters used aerial platforms to extinguish the flames. The charred building was deemed structurally unsound and a 42-year-old man was arrested at the scene.
Read more »
Appeal for information after man exposes himself on Sydney busPolice have released several images of a man who they believe may be able to assist with inquiries.
Read more »