Australian Tax Office Given Permission to Pursue Tinkler

Reuters reported that financial woes continue for coal baron Nathan Tinkler, as the Australian government’s taxation office has been granted permission to pursue legal action against his holding company.

As quoted in the market report:

The New South Wales Supreme Court gave the Deputy Commissioner of Taxation leave to prepare a case against Tinkler’s holding company, the latest of a series of legal actions over unpaid bills and commercial disputes.

To view the whole Reuters report, click here.