.
BlueScope Steel Limited (ASX:BSL) says it will dispute a tax bill that could cost as much as $203 million.
The steelmaker is gearing up to fight the Australian Tax Office’s (ATO) claims that relate to an equipment sale-and-leaseback deal made in 2007.
The ATO plans to issue BlueScope amended assessments for the 2007 and 2008 fiscal years.
BlueScope says it will pursue all necessary avenues of objection but has warned a resolution is likely to take some time.
BlueScope Steel booked a net loss of $524 million in the first of the 2012 financial year.
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$22.52 |
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Mkt cap ! $9.831B | |||
| Open | High | Low | Value | Volume |
| $22.30 | $22.53 | $22.22 | $3.925M | 175.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 12 | 601 | $22.51 |
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| Price($) | Vol. | No. |
|---|---|---|
| $22.52 | 531 | 4 |
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| BSL (ASX) Chart |