The tax office imposed a $207 million freezing order on a wealthy Taiwanese-Australian business family after reading in The Australian Financial Review’s Street Talk column the family company might be put up for sale.
Court documents show the tax office also considers Wu family, which founded the Nature’s Care vitamins business, to be a flight risk. The documents show the tax office believes they have a history of failing to disclose all their income.
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Aaron Patrick was a senior correspondent at The Australian Financial Review.