Bridgestone Australia faces estimated €32 million tax bill

Bridgestone Australia is disputing a tax assessment of up to $Aus 52 million (€32 million), related to unpaid taxes and interest over a sale-and-leaseback property deal struck in 1990. The company reported net profits of $Aus163 million in 2002, and is 60 percent owned by Bridgestone Corp. of Japan.

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The Age (Australia) story