Deal involves no admission of liability, after allegations the company tried to show lower profits in Australia
Aged care provider and health insurer Bupa has paid the Australian tax office $157m after settling a long-running dispute.
Bupa Australia said the settlement brought an end to a more than decade-long dispute with the ATO over a “number of different matters”, included transfer pricing issues with acquisitions in Australia in 2007 and 2008.
Related: Bupa accused of threatening private health insurance reforms
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