Simsai Construction Group in Perth has been forced to give up nearly 100 projects after being hauled to Federal Court by the Australian Tax Office on Tuesday.
This week mining company Rio Tinto settled its tax dispute with the Australian Tax Office for A$613 million, while the UK published its draft legislation for a minimum corporate rate.
JobKeeper messages between Qube Holdings and Treasury shed light on how ports giant qualified for subsidies
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Qube was initially ineligible for JobKeeper subsidies.
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The port and rail giant Qube Holdings had a good year in 2020: strong revenue, healthy profits, bonuses for executives and dividends for shareholders.
Key points:
Qube said it qualified for JobKeeper based on a forecast revenue drop of more than 50 per cent
Revenue for the company s ports and logistics division increased last year
The company has repaid some but not all of the subsidies it received
So how is it that Qube qualified for more than $30 million in emergency wage subsidies under the federal government s JobKeeper scheme in the same year?