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Chitchat Singtel MILF Retiring!
- Thread starter Pinkieslut
- Start date
Must be her prominent mole that got her there.Chua Suck Cock is just another Familee 皇亲国戚. Check her family tree.
There were many reasons why she became Singtel CEO, but meritocracy was not one of them.
BUSOK PUKIS
CB lips got how many??????????????
Now the real reason why Chua Sock Koong resigned. To run away from being accountable for this shit that she created. CSK was the group CFO before she became CEO.
Shares of Singtel opened Dec 20 morning at $2.34 each, down by 1.3 per cent. ST PHOTO: LIM YAOHUI
Michelle Zhu
DEC 20, 2021
SINGAPORE (THE BUSINESS TIMES) - Singtel on Sunday (Dec 19) said it estimated a net tax exposure and related interest and penalties amounting to A$304 million (S$295.9 million), following the Federal Court of Australia's dismissal of its appeal of a tax assessment by the Australian Taxation Office (ATO).
The dispute relates to the acquisition financing of Singtel Optus, then known as Cable and Wireless Optus, in 2001. In 2016 the ATO 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 lodged its appeal against these assessments, and announced it received unfavourable judgment from the Federal Court of Australia last Friday.
In its Sunday filing, Singtel said the total amount includes a refund of withholding tax estimated at A$89 million for the holding company of Singtel's Australian subsidiary, Singtel Telecom Australia Investments (STAI).
Amended assessments from the ATO comprise a primary tax of A$268 million, interest of A$58 million and penalties of A$67 million.
Singtel's exposures were "fully disclosed" as contingent liabilities in its audited financial statements in prior periods, it added.
Underscoring its commitment to complying with tax obligations in markets where it has operations, the group said STAI continues to be a "significant taxpayer" in Australia.
"The Singtel group will consider the details of the (Australian government's) judgment, explore available options and determine next steps. If the above tax exposures are assessed to be probable, provisions shall be made in the accounts," it stated.
Experts have told Bloomberg that the Singtel ruling suggests that intra-company pricing of financing for major investments will continue to be met with closer regulatory scrutiny.
Bloomberg in its Saturday article also reported one source saying transfer pricing - particularly for related-party financing - was the "single most important focus area for the ATO in recent times".
Shares of Singtel opened on Monday morning at $2.34 each, down by 1.3 per cent.
Singtel flags $295m of exposure, interest and penalties from Australian tax case loss
Shares of Singtel opened Dec 20 morning at $2.34 each, down by 1.3 per cent. ST PHOTO: LIM YAOHUI
Michelle Zhu
DEC 20, 2021
SINGAPORE (THE BUSINESS TIMES) - Singtel on Sunday (Dec 19) said it estimated a net tax exposure and related interest and penalties amounting to A$304 million (S$295.9 million), following the Federal Court of Australia's dismissal of its appeal of a tax assessment by the Australian Taxation Office (ATO).
The dispute relates to the acquisition financing of Singtel Optus, then known as Cable and Wireless Optus, in 2001. In 2016 the ATO 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 lodged its appeal against these assessments, and announced it received unfavourable judgment from the Federal Court of Australia last Friday.
In its Sunday filing, Singtel said the total amount includes a refund of withholding tax estimated at A$89 million for the holding company of Singtel's Australian subsidiary, Singtel Telecom Australia Investments (STAI).
Amended assessments from the ATO comprise a primary tax of A$268 million, interest of A$58 million and penalties of A$67 million.
Singtel's exposures were "fully disclosed" as contingent liabilities in its audited financial statements in prior periods, it added.
Underscoring its commitment to complying with tax obligations in markets where it has operations, the group said STAI continues to be a "significant taxpayer" in Australia.
"The Singtel group will consider the details of the (Australian government's) judgment, explore available options and determine next steps. If the above tax exposures are assessed to be probable, provisions shall be made in the accounts," it stated.
Experts have told Bloomberg that the Singtel ruling suggests that intra-company pricing of financing for major investments will continue to be met with closer regulatory scrutiny.
Bloomberg in its Saturday article also reported one source saying transfer pricing - particularly for related-party financing - was the "single most important focus area for the ATO in recent times".
Shares of Singtel opened on Monday morning at $2.34 each, down by 1.3 per cent.
Is Pinky queen-controlled?
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