The Australian Taxation Office is auditing billionaire Lachlan Murdoch’s Nova Entertainment companies, the complex group of Australian and UK-based entities that run the highly profitable Nova and SmoothFM radio brands.
New documents filed with Australia’s corporate regulator reveal various Nova Entertainment companies have spent hundreds of thousands of dollars on “tax compliance and advisory services” from PwC. This is on top of paying for routine audit work.
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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
