US private equity firm TPG has been hit with a $628m bill from Australian authorities over alleged unpaid taxes from the $2.2bn sale of department store chain Myers, in a case that could affect future Australian private equity activity. According to reports, the charges include AUS$452m ($421.7m) in capital gains tax, and half again in penalty fines.
In order to view premium content you need to be a Premium Subscriber. You can subscribe now to access premium online content.
Become a Premium SubscriberIf you are already a AltAssets subscriber please log in below.