The tax office is seeking penalties and unpaid taxes of over $80 million, alleging the company set up a scheme to avoid paying tax on the sale of a Sydney hotel in 2015.
The Australian arm of one of the world’s biggest hotel businesses and most recognisable brands, Hilton Worldwide, is locked in a battle with the tax office over allegedly unpaid taxes amid accusations it set up a scheme to deliberately minimise its tax in Australia.
One of the world’s most recognisable brands is locked in a dispute with the Australian Taxation Office over allegedly unpaid taxes.The 2022 accounts for Hilton’s Australian business, filed with the corporate regulator, show the ATO believes the company owes $51 million in taxes overAccording to the accounts, the ATO has also sought $13 million in penalties and $15.7 million in interest from the company.
Hilton’s notice of appeal of its tax assessment shows that under the ATO’s anti-avoidance powers, authorities have accused the company of using a business structure and scheme designed to avoid tax. Hilton’s 2022 accounts for its Australian business state the ATO concluded that Hilton had breached anti-tax avoidance rules “in relation to steps undertaken in the restructure and/or sale of [Hilton company] Admiral Holdings Australia by Hilton Worldwide International Luxembourg Holding, being an indirect sale of the Sydney Hilton Hotel”.
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Hotel giant Hilton battles ATO over alleged tax avoidance schemeThe tax office is seeking penalties and unpaid taxes of over $80 million, alleging the company set up a scheme to avoid paying tax on the sale of a Sydney hotel in 2015.
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Hotel giant Hilton battles ATO over alleged tax avoidance schemeThe tax office is seeking penalties and unpaid taxes of over $80 million, alleging the company set up a scheme to avoid paying tax on the sale of a Sydney hotel in 2015.
Read more »
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