One of Australia’s most prominent media owners, Bruce Gordon, was given an exemption by the Australian Tax Office to live in Sydney during the coronavirus pandemic without incurring an additional tax bill.
Mr Gordon’s primary residence is Bermuda where he has lived since 1985, a place where people can legally reduce personal tax liabilities. The 91-year-old divides his time between Australia – where he owns regional television company WIN Corp and NRL team St George Illawarra Dragons – and Bermuda because his tax arrangements require him to spend more than 183 days offshore.
Industry sources familiar with Mr Gordon’s tax arrangements said he was provided an exemption from the ATO to extend his stay in the midst of the coronavirus pandemic. Mr Gordon decided to stay, sources familiar with his thinking say, because Australia is safer than most countries. A spokesman for Mr Gordon was approached for comment.
The billionaire arrived in Australia in November 2019 and spent most of 2020 in his Circular Quay apartment in Sydney because of the pandemic. It is the longest period of time Mr Gordon has stayed in Australia since moving to Bermuda.