Murdoch's Mom Fights Huge Tax Bill

Murdoch's Mom Fights Huge Tax Bill

Rupert Murdoch's mother has been left fighting a huge tax bill in the Australian courts after business dealings involving the Murdoch family trusts.

Dame Elisabeth Murdoch, who turns 99 in February next year, could be forced to pay up to $AUS100m (£43.5m) in tax on money she received from the family business and then mostly passed on to her son, the chairman and chief executive of News Corporation, in the mid-1990s.

In 1994, Dame Elisabeth received funds, believed to be a sum of £36.9m, from the family company, Cruden Investments. This was intended as compensation for breaches of trust by the trustees of four family trusts in which she has a life interest.

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