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The largest gambling company in Australia, Tabcorp Holding Limited, settled the dispute it had with the Australian Taxation Office, which occurred because of the issues with the income tax treatment for many licenses and authorizations the company got over the years.

The beneficial settlement:

After the process was finished, Tabcorp was required to pay the whole disputed amount that was required in tax and interests to the Commissioner. 

The company benefited from the settlement as well since the Australian Taxation Office was obligated to pay 20% of disputed tax and liabilities to Tabcorp, so the company was refunded about $83 million. Every single proceeding that th…

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