Dramatic week in construction as five builders fail, Chinese crime ring busted
The busting of a huge tax avoidance scheme and the demise of multiple building companies has delivered an eventful week for the construction sector.
An illegal tax avoidance scheme in the construction industry resulted in Chinese nationals being arrested with buckets of money. (Image source: Australian Border Force)
In what has been a dramatic week for the construction sector, an Australian Taxation Office (ATO) taskforce has smashed a $137 million criminal enterprise within the New South Wales and ACT construction industries, while five building company collapses have rocked the industry.
An ongoing joint investigation between the Australian Border Force (ABF) and ATO spanning almost two-and-a-half years has led to the disruption of serious criminal behavi…
