ATO suffers blow in pursuit of Huang Xiangmo for $140 million – 17 August 2020

Chinese billionaire Huang Xiangmo owes the ATO $140 million (made up of tax, interest and penalities) The appeals court has said however that his substantial offshore assets cannot be the subject of a freezing order. The ATO is expected to lodge an appeal against this decision.

https://www.smh.com.au/national/ato-suffers-blow-in-pursuit-of-huang-xiangmo-for-140-million-20200817-p55mk0.html#:~:text=Chinese%20billionaire%20Huang%20Xiangmo%20owes,an%20appeal%20court%20has%20said.&text=The%20court%20had%20previously%20made,the%20name%20of%20his%20wife.