Tax Office investigating Lachlan Murdoch’s Nova radio assets
Sam Buckingham-JonesMedia and marketing reporter
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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