Daily Archives: September 30, 2019

Deputy Commissioner of Taxation v Huang – Freezing orders made over Australian assets of notorious Chinese billionaire’s and his wife’s Australian assets – supporting assessments of $140m

On Monday 16 September 2019, Katzmann J made orders, in the Federal Court freezing the Australian assets of Huang Xiangmo, and his wife: Jiefang Huang, to avoid frustrating the collection of assessments the Commissioner of Taxation issued on the same day for some $140m. Not only is Mr Huang notorious for his political donations and alleged…

Billionaire Huang Xiangmo told ATO he had no assets overseas – but 71% of the disputed tax liability turns on the market value cost base of Chinese real estate when he became an Australian resident

On Tuesday 24 September 2019, Neil Chenoweth and Edmund Tadros published an article in the Australian Financial Review entitled: Billionaire Huang Xiangmo told ATO he had no assets overseas – the third dealing with the Federal Court’s freezing orders over Mr Huang’s Australian assets (the first two being on 18.9.19 and 19.9.19). On the same day, these…

Chinese Billionaire’s assets frozen – ATO says he hid $170m of income and Hong Kong wouldn’t help enforce foreign tax liabilities

On Wed 18 September 2019, Angus Grigg and Neil Chenoweth published an article in the Australian Financial Review entitled: Chinese Billionaire hid $170m from the ATO. This was the day the Federal Court gave it’s reasons, for its Monday 16.9.19 decision, to freeze Mr Huang’s assets. There is an interesting ‘back story’ regarding Mr Huang’s…

ATO froze the assets of Chinese billionaire Huang Xiangmo – ATO caught out by cancellation of his visa

On 19 September 2019, Angus Grigg, Edmund Tadros and Neil Chenoweth published an article in the Australian Financial Review, entitled: ATO caught out by Huang’s exile from Australia. It is about the ATO freezing the assets of the Chinese billionaire: Huang Ziangmo and various factors that prompted it. There are two other articles, similarly published, on…