When West Australian mining billionaire Chris Ellison was accused of a decade of tax evasion, his lawyers responded by trying to cut a deal with the Australian Taxation Office. 

The terms of that deal included an 80 per cent reduction in the penalty payable and an assurance that his conduct wouldn’t be referred to police or the corporate watchdog. 

The reason that Ellison, managing director of the company Mineral Resources, would push for those terms is obvious. The real question is why the tax office would agree to it. 

Today, national correspondent for The Saturday Paper Mike Seccombe, on how the ATO protects the rich. 




Socials: Stay in touch with us on Twitter and Instagram

Guest: National correspondent for The Saturday Paper Mike Seccombe

When West Australian mining billionaire Chris Ellison was accused of a decade of tax evasion, his lawyers responded by trying to cut a deal with the Australian Taxation Office. The terms of that deal included an 80 per cent reduction in the penalty payable and an assurance that his conduct wouldn’t be referred to police or the corporate watchdog. The reason that Ellison, managing director of the company Mineral Resources, would push for those terms is obvious. The real question is why the tax office would agree to it. Today, national correspondent for The Saturday Paper Mike Seccombe, on how the ATO protects the rich.  Socials: Stay in touch with us on <a href="http://www.twitter.com/7ampodcast">Twitter</a> and <a href="http://www.instagram.com/7ampodcast">Instagram</a>Guest: National correspondent for The Saturday Paper Mike Seccombe

An independent daily news show. We feature the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

A daily news show from the publisher of The Monthly and The Saturday Paper.

A daily news show from the publisher of The Monthly and The Saturday Paper. Hear from the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

The secret deals between the tax office and Australia’s billionaires

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/2960d71e-82f0-411f-be2e-b25e018a03d5/transcript

Advertisement