Chevron appeal in Federal Court against multimillion-dollar tax bill kicks off

SYDNEY MORNING HERALD
Nassim Khadem
28 February 2017

An appeal against a multimillion dollar tax bill owed by multinational oil giant Chevron is taking place, and will have global implications for the way tax paid by large companies is assessed. 

Chevron recently lost a landmark profit-shifting case in the Federal Court that left it with a tax bill of about $300 million.

"This court case is of major significance in Australia and internationally," said International Transport Workers Federation senior researcher Jason Ward. The union, which represents workers on the offshore LNG projects of WA, has been a vocal critic of Chevron.

"Chevron has been using related party loans - sending profits to low-tax jurisdictions such as Delaware - to reduce the tax that they pay in Australia," Mr Ward said. 

> Read more: http://www.smh.com.au/business/the-economy/chevron-appeal-in-federal-court-against-multimillion-dollar-tax-bill-kicks-off-20170228-gumy53.html