News Corp. boss Rupert Murdoch's 99-year-old mother beat Australian tax authorities in court today over a tax bill on an $A85 million ($NZ104.30 million) payment.
Dame Elisabeth Murdoch had appealed an Australian Taxation Office order to pay tax on the sum following a 1994 reorganisation of family trusts. The quantity of the tax bill was not disclosed.
An administrative court rejected her first appeal, but three Federal Court judges unanimously upheld her appeal today and agreed that she owed no tax on the sum.
The Murdoch matriarch's husband was the late Sir Keith Murdoch, from whom Rupert Murdoch, the 76-year-old chairman and chief executive officer of a US-based global media empire, inherited his first newspaper.
