Raptis disputes 21m tax debt

first_imgJim Raptis says he owes the Australian Tax Office no money and will not be paying a $21 million tax bill. The thrice-failed veteran Gold Coast developer spoke out after the Raptis Group lost a High Court battle over a tax ruling. Mr Raptis told the stock exchange he owed no debt to the tax office and the Raptis Group itself was free of all debt. Mr Raptis said the tax office would be entitled only to a distribution of up to two per cent of Raptis Group shares to satisfy the $21 million tax debt. Facebook Twitter: @NeosKosmos Instagramlast_img