Chevron claimed Gorgon bonanza would pay for tax cuts for everyone

AUSTRALIAN FINANCIAL REVIEW
Neil Chenoweth
17 November 2015

US energy giant Chevron claimed in 2005 filings that its Gorgon LNG project would pay so much tax that the government could cut personal income tax rates for all Australians.

Chevron Australia also forecast that the project, which last year paid $3.1 billion of interest to service $66 billion of loans from related companies, would be financed entirely debt free.

Chevron made the upbeat claims about Gorgon's tax payments in a report submitted to the West Australian government in September 2005 as part of its bid for approval to develop Gorgon. 

> Read more: http://www.afr.com/business/energy/gas/chevron-claimed-gorgon-bonanza-would-pay-for-tax-for-cuts-for-everyone-20151116-gl0jo1