ATO loses landmark gold case creating a budget hole afr.com/policy/tax-and… ‘The Australian Taxation Office is facing a budget black hole of more than $1.15 billion and the spectre of a class action after it lost one of the country’s most important and controversial tax cases on Friday’

No silver lining in ATO’s golden fiasco, just a trail of destruction theaustralian.com.au/business/econo… ‘Arguably it is Australia’s largest unpunished crime. But instead of chasing the fraudsters the ATO almost wiped out a thriving, largely innocent, privately owned gold refining industry and spent $40m in legal fees chasing an insolvent gold refiner as a cover-up.’ ~ Gottliebsen