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Telstra's $1b buyback to cost taxpayers 'hundreds of millions'

2014-09-08 06:37:27| Telecom - Topix.net

"The overall cost to the government in the short term will be significant," said IPA senior tax adviser Tony Greco. Photo: James Davies Telstra's $1 billion off-market share buyback could cost the federal budget hundreds of millions of dollars in tax credits, accountants warn as they urge the government to review the tax rule behind it.

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