Menu
Menu
Foster's wins appeal against $546m tax assessment

Foster's wins appeal against $546m tax assessment

Beverage maker Foster’s Group (ASX:FGL) has won an appeal against an ATO tax assessment which could have cost it up to $546 million.

Foster’s had disputed tax assessments related to the financing of the Elders Finance Group in the 1980s and 1990s, the company said.

But it added that the Australian Commissioner for Taxation still has the right to appeal the decision.

“We welcome the Federal Court’s decision,” Foster’s CFO Angus McKay said. “We have always been confident in our position and hope this matter will be brought to a swift resolution.”

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags Foster'staxcourt action

Show Comments

Market Place