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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 GroupFederal Court battleOffshore Banking UnitRegulatoryATOFCA ActGillard governmentJustice Richard EdmondsMayOBU regimeOBU tax regime