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Singtel flags A$304m of exposure, interest and penalties from Australian tax case loss
The dispute relates to the acquisition financing of Singtel Optus, then known as Cable and Wireless Optus, in 2001. In 2016 the Australian Tax Office objected to how the acquisition was paid through cross-border financing arrangements between Singtel's subsidiaries, and estimated a primary tax payable of A$268 million from an increased taxable income of about A$895 million. Singtel appealed against this, and lost.
