Taxman's view of Eric Watson’s alleged money-go-round
IRD tries to bring up dispute with Sir Owen Glenn.
IRD tries to bring up dispute with Sir Owen Glenn.
NBR Rich Lister Eric Watson routed money through multiple entities to himself, Inland Revenue contends, as it summarises its $60 million case against Eric Watson’s Cullen Group.
The taxman disputes $290m worth of transactions, which enabled Cullen Group to pay just 2% in tax instead of 15%.
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