James Hardie, a building materials and building products company, has been hit with an assessment of A$412 million ($295 million) for 2006 by the Australian Taxation Office. The company said the amended assessment concerned an internal corporate restructure of the James Hardie Group in 1998 ahead of the proposed initial public offering of 15% of a European subsidiary on the New York Stock Exchange, a transaction that did not go ahead
April 02 2006