Justice Katzmann said AUSTRAC records show that Mr Huang has been transferring tens of millions of dollars in and out of the country since January 2016 and overall far more money has gone out than come back in.
"Although there is no direct evidence that he intended to divest himself of his Australian assets or diminish them in value, the results of the audit indicate an intention to avoid paying tax by grossly understating income," Justice Katzmann wrote. "Although he transferred money overseas before he was aware that he was under investigation by the ATO, since the audit began the amount of money transferred offshore increased dramatically."
However, it does allow Mr Huang to spend $10,000 a week on living expenses and up to $50,000 on legal bills.
Hopefully these cash transactions are stopped as as ScottMorrisonMP
And these are the very folk the LNP want to foster and promote as good Aussie citizens! Wake up Morrison et al. they are taking you all (that means Australia) for one big ride.
ATO only specialise in smashing their own........overseas there a laughing stock.
Cayman Islands. Malcolm Turnbull. Angus Taylor. LNP 101
Surprised? Not!
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