Clough Limited can’t claim $15M in taxes from cancellation of employee entitlements, court rules

Appeals 2021-03-02 9:23 pm By Cindy Cameronne | Sydney

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Construction company Clough Limited cannot claim over $15 million paid to employees for cancellation of their shares and options as a tax deduction, with a judge dismissing the Perth-based company’s appeal of a decision from the Commissioner of Taxation.

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