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 Excellent: OZschwitz court rules in favour of Visy in tax case

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RR Phantom

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Excellent: OZschwitz court rules in favour of Visy in tax case Vide
PostSubject: Excellent: OZschwitz court rules in favour of Visy in tax case   Excellent: OZschwitz court rules in favour of Visy in tax case Icon_minitimeSat Nov 03, 2012 1:55 am
VISY has won a long-running dispute with the Tax Office to have losses incurred more than a decade ago declared legitimate.

Excellent: OZschwitz court rules in favour of Visy in tax case Art353visy300x0



The victory allows various companies within the Visy group to claim deductions totalling $75 million between 2000 and 2004.

It is one of a series of cases between the Tax Office and Visy's owners, the Pratt family. This case centred around Visy's decision to purchase American company Southcorp in 2001, and whether it was done with the intention of making a profit or if Visy knew it was paying too much.

Read more: http://www.smh.com.au/business/court-rules-in-favour-of-visy-in-tax-case-20121102-28pqn.html#ixzz2B8Vkoz3I
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Excellent: OZschwitz court rules in favour of Visy in tax case

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