ATO closes in on Israeli bank over tax fraud claims

One of Israel’s largest banks has warned that it faces legal claims of up to $190 million from Australian liquidators as part of the expanding pursuit of tax fraud cases related to the Binetter family, the founders of the Nudie juice business.

The Tax Office’s dogged 14-year pursuit of Binetter family companies across four countries is poised to pay dividends – with major implications for other high-profile Australian figures who have used offshore loans to avoid tax.