James Packer all set to fight Crown’s $250million tax bill

James Packer all set to fight Crown’s $250million tax bill

Amended assessments from the Australian Taxation Office for a total of approximately $250 million will be disputed by Crown Resorts Limited.

The figure, which includes primary tax and interest, is in relation to a five-year period from June 30 2009 to June 30 2014. They relate to the company’s investment in Nevada-based gaming business Cannery Casino Resorts along with others in North America.

However, Crown insisted it is a “significant” taxpayer in Australia and confirmed that it would dispute the amended assessments, with court proceedings a possibility if required.

“Crown considers that it has paid the correct amount of tax and intends to pursue all available avenues of objection to the amended assessments,” a statement to the Australian Stock Exchange said.

Latest News

  • Cruise
  • Cruise Lines

Oceania Cruises’ Allura to debut in July 2025

Oceania Cruises has revealed a comprehensive new series of Exclusive Cruise Events for trade partners and their clients across Australia and New Zealand this October and November. The Exclusive Cruise Events series will be held over 11 days with up to two sessions per day, from 15 October 2024 to 27 November 2024. Australian events […]

  • Hotels

Sheraton Fiji Golf and Beach Resort receives accolades at the 2024 Haute Grandeur Global Hotel Awards

The Sheraton Fiji Golf & Beach Resort has received five prestigious accolades at the recently held 2024 Haute Grandeur Global Hotel Awards. The 2024 Haute Grandeur Global Hotel Awards has once again set a new benchmark in hospitality, recognising exceptional contributions by hotels, lodges, villas, resorts, spas, and restaurants worldwide that excel in customer service […]

  • Women In Travel

Today is your last chance to enter Travel Weekly’s Women in Travel Awards

If you’ve been sitting on the fence about entering this year’s Women in Travel Awards, then now is your time to make the leap. The Women in Travel Awards highlights the incredible work of women within the travel industry and is open to female-identifying talent across all levels of their careers. It takes just 10 […]