Crown admits tax rort, but still not âcandidâ with government
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Crown Resorts has admitted to the Victorian government that it evaded the stateâs casino tax for almost 10 years, but the casino giant only confessed to underpaying $8 million despite some legal advice indicating the amount could be much higher.
Giving evidence to the Victorian royal commission on Tuesday, Crownâs new chief executive, Steve McCann, said he wrote to the state government admitting to the illegal underpayment last week, but denied he included an estimate in the bottom range to secure a bargaining position.
Crown Resorts CEO Steve McCann arrives at the royal commission, where he admitted he only learned of the casinoâs tax underpayment through the media.Â
Crown admits tax rort, but still not candid with government
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Last modified on Mon 17 May 2021 05.08 EDT
Crown Resorts allegedly lied to its regulator and adopted a belligerent attitude towards an investigation into the arrest of 19 of its staff in China, an inquiry into the James Packer-backed casino operator has heard.
A royal commission into Crown, called by Victoriaâs Andrews government, also heard that the Victorian Commission for Gambling and Liquor Regulation was still considering referring the company to the stateâs supreme court for failing to properly respond to notices ordering it to produce documents for use in the investigation.
The commission opened public hearings on Monday with testimony from Timothy Bryant, a compliance officer at the VCGLR who worked on an investigation into the arrests of Crown staff in 2016 over allegations of illegally promoting gambling in China.