Herald owners agree to pay $36 million of tax they dodged

NBR reported:

Australian publisher News & Media has reached a binding heads of agreement with the Inland Revenue Department to settle its alleged case and other disputed tax issues for $36.3 million.

Isn’t this curious.

The spends a lot of time and space highlighting how certain companies (which happen to compete with them) don’t pay much tax. Those companies have never ever been found to have illegally avoided or evaded tax.

However the Herald’s owners have admitted to underpaying their tax by $36 million, and now have to pay it back. Yet how much publicity does this get in the Herald?

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