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News Australia loses appeal in Federal Court on $15m tax bill

Australia’s highest-risk taxpayer has lost an appeal in the Federal Court on a $15 million tax bill relating to interest income.

Rupert Murdoch’s News Corporation has been in long-running legal battles with the ATO and in 2015 was outed as the nation’s highest risk taxpayer.

Rupert Murdoch 1a AP phoroOn Thursday the Federal Court’s Justice Tony Pagone dismissed News Australia Holding’s appeal relating to an old tax assessment amounting to about…

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