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Regulatory

Macquarie loses court battle with ATO

Macquarie Group has lost its Federal Court battle with the Australian Tax Office (ATO) over a tax dispute relating to Macquarie's offshore banking unit (OBU) income allocation.

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Read more: Macquarie Group,  Federal Court battle,  Offshore Banking Unit,  Regulatory,  ATO,  FCA Act,  Gillard government,  Justice Richard Edmonds,  May,  OBU regime,  OBU tax regime