It’s one of Lachlan Murdoch’s best investments, but the rise of Nova Entertainment has been obscured because it was originally set up to pay the least possible tax in Australia.
The tax structure for the Australian radio chain was the work of the original owner, the UK’s Daily Mail and General Trust.
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Neil Chenoweth is an investigative reporter for The Australian Financial Review. He is based in Sydney and has won multiple Walkley Awards. Connect with Neil on Twitter. Email Neil at nchenoweth@afr.com.au
