Amended assessments from the Australian Taxation Office for a total of approximately $250 million will be disputed by Crown Resorts Limited.
The figure, which includes primary tax and interest, is in relation to a five-year period from June 30 2009 to June 30 2014. They relate to the company’s investment in Nevada-based gaming business Cannery Casino Resorts along with others in North America.
However, Crown insisted it is a “significant” taxpayer in Australia and confirmed that it would dispute the amended assessments, with court proceedings a possibility if required.
“Crown considers that it has paid the correct amount of tax and intends to pursue all available avenues of objection to the amended assessments,” a statement to the Australian Stock Exchange said.