A Melbourne man alleged to have masterminded a massive tax-evasion scheme has been hit with a personal tax bill of $8.5 million, despite claiming his only asset is an old Ford Falcon.
Key points:
- Philip Whiteman is under investigation by the ATO for allegedly advising clients how to “phoenix” companies
- Whiteman was ordered to pay $8.45 million in unpaid income tax from the years 2010-2016
- The personal tax debt is linked to the unpaid liabilities of four companies that were forced into liquidation
Philip Whiteman is under investigation by the Australian Taxation Office (ATO) for allegedly advising hundreds of clients how to put their compan…
Read the full article at: http://www.abc.net.au/news/2017-08-24/philip-whiteman-ordered-to-pay-$8.5m-to-ato/8837992