MPs could hardly contain themselves when they finally managed to get him to appear before a parliamentary committee. I can tell you as a government that you are not spending it so well that we should be donating extra. "Mr Packer stared down committee member after committee member, including men once spoken of in hushed tones as future leadership material, Michael Lee and Peter Costello.Senator Dastyari and his committee colleagues could do worse than include a viewing of the 1991 hearing in their preparation for today's match"You're either gonna have to believe me or call me a liar," Mr Packer snarled when one committee member found his answer difficult to believe.MPs appeared to shrink in size as the hearing went on and Mr Packer grew more aggressive.Not much about the tax practices of Australian Consolidated Press was elicited except Mr Packer's now infamous statement that "of course" he tried to pay less tax. Packer, who owns Australian Consolidated Press and runs a media and gambling casino empire, has a personal fortune of over $A5 billion.

As a government I can tell you you're not spending it that well that we should be paying extra. The voting public – possibly for the first time – felt Mr Packer spoke for all of them. This is a transcript from PM.

For Packer, even the ATO's offer of $30.55 was too much of a "donation".The court case dealt with financial transactions arising out of Packer's involvement in the $28 billion takeover of British American Tobacco plc in 1989. "I'm not evading tax in any way shape or form.

He refused the offer.The press baron had made his attitude clear during a government print media inquiry in 1991.

""Five years at most, the lawyers said. The truth of that statement was illustrated on Tuesday.After a seven-year legal battle, Australia's richest man, Kerry Packer, won a Federal Court ruling absolving him of paying any personal income tax for the three-year period 1990-92. Kerry Packer was a public hero when he told a Senate Committee that he wouldn't pay more tax than he had to because "the government was just pissing it up against the wall". Kerry Packer I am not evading tax in any way, shape or form. The thrill is known to any wannabe political player, a heady mix of adrenalin tinged with excitement that the only person who can tell you what you need to know is to sit before you.A politician's career can be made – or not – with a successful committee interrogation.Just ask John Faulkner or Bronwyn Bishop, legends in the world of Australian parliamentary committee hearings.Labor senator Sam Dastyari must surely be feeling the same thrill Google, Apple, News Corp, Rio Tinto and BHP Billiton But, as is often the case in life, pride has been known to come before a fall, as anyone who remembers the 1991 print media committee hearing featuring Kerry Francis Bullmore Packer would know.When asked to give his name and title Mr Packer obliged before adding: "I appear here this afternoon reluctantly. Last financial year, he made an average of $3.56 million per day.The Australian Taxation Office (ATO) pursued a variety of charges against Packer and Consolidated Press--principally that they had organised their financial affairs to avoid paying tax. The globalisation of production and world financial markets allows companies to freely allocate capital to the most profitable parts of the world. Read inspirational, motivational, funny and famous quotes by Kerry Packer. Kerry Packer Quotes 1937 - Australian media executive.

The suggestion that I am trying to evade tax – which is what you are putting forward – I find highly offensive. In order to attract and retain investment, governments constantly seek to reduce corporate taxes and subsidise other production costs.Sometimes corporate tax schemes are loosely referred to as "tax avoidance" or even "tax evasion".

Incredibly it offered Packer a settlement in which he would pay just $2.87 in tax for 1990, $6.56 for 1991 and $21.12 for 1992.

Kerry Packer I pay whatever tax I am required to pay under the law – not a penny more, not a penny less. Professor Russell Mathews, who headed an Australian government inquiry into taxation in the 1970s, observed that the problem facing governments was not getting business to pay more tax, but getting companies to pay any tax at all. In reality, the entire taxation framework and legal system are designed, above all, to protect the profit and property of the wealthy.

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