I suppose you're right: they'd just reach a settlement with the...

I suppose you're right: they'd just reach a settlement with the ATO and all would be forgotten until the next inquiry...

The latest from Michael West is at http://business.smh.com.au/business/taking-a-charitable-view-20080722-3jao.html

I particularly enjoyed his opening paragraph:

The puzzling question swirling around billionaire shopping mall tycoon Frank Lowy and his decade-old tax issues is why he went to such lengths to disguise a donation to charity. Charitable donations are tax deductible anyway.

A point well made!

I couldn't bear to feed Lowy's ego by reading his biography.