The Askin money trail

After the death of Robert Askin in 1981 it was claimed that the Australian Tax Office had taken much of his estate in unpaid taxes. The implication was that he’d been a tax-avoider and there wasn’t much left. As with so much of the criticism of Askin, there  was no evidence for these claims, at least nothing the journalists could share with other people.

Dr Paul Loughnan, who knows more about Askin than anyone now living,  has tracked down the “missing millions” and found that the dastardly Askin appears to have left them to charity. Since the 19870s, Australia’s oldest trustee company, Perpetual Trustees, has been paying out millions of dollars in interest to help the sick and the dying. The capital still existing in the company is over $10 million.

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