Metcash settles with ATO over tax bill

 In Australia, Metcash/IGA, NewZealand
Metcash is believed to have reached a multimillion-dollar settlement with the Australian Taxation Office over unpaid fringe benefits tax from its "overseas study tours".
It’s not clear how much Metcash has agreed to pay, but it’s understood to be more than $2 million following the conclusion of negotiations with the ATO.
The grocery wholesaler allegedly faced a hefty bill for fringe benefit tax on the overseas study trips it shopped to suppliers dating back some years.  Sydney Morning Herald – Read more…

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