Wednesday, July 11, 2012

David Walsh says a $40 million tax bill won't force the closure of his Museum of Old and New Art


The Museum of Old and New Art is back in the news with reports that mathematician turned gambler David Walsh is in the sights of the Australian Tax office. The ATO says Walsh and others in a secret punter's club have been running a A$2.4 billion global banking business and wants taxes due. At last count Walsh faces a tax bill of just under A$40 million, which he disputes.

As the details became public, he was being asked whether this spelled the end of MONA. But Walsh remains upbeat, saying he is confident an agreement can be reached with the ATO and that he is determined to keep MONA running.
Image: David Walsh, founder of Hobart's Museum of Old And New Art