Mineral Resources shares fell more than 10% after comments by founder Chris Ellison following AFR tax investigationFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastChris Ellison, the billionaire mining boss who banned flexible work and dissuades employees from leaving the office for coffee, said he regrets a decision not to disclose revenue generated by overseas entities to tax authorities.The Mineral Resources founder said that he and his business partners operated overseas entities to purchase mining equipment to import and sell in Australia prior to the company’s listing in 2006.Sign up for Guardian Australia’s breaking news email Continue reading…
Source link : https://www.theguardian.com/australia-news/2024/oct/21/chris-ellison-ato-tax-disclosure-mineral-resources-billionaire-mining-boss-ntwnfb
Author : Jonathan Barrett Senior business reporter
Publish date : 2024-10-21 06:07:21
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Billionaire mining boss says it was ‘regrettable’ he didn’t disclose overseas revenue to ATO
