Controversial businessman Eric Watson has lost a long-running dispute with Inland Revenue, with a High Court judge today ruling companies he owns are liable for $51.5m in back-taxes.
Since becoming a society page fixture in the 2000s with lavish living and relationships with lingerie models, Watson has since faced fallout from the collapse of Hanover Finance and a succession of losses in high-stakes court proceedings against fellow mogul Sir Owen Glenn. (read more)