ITF Submission to Australian Senate Inquiry on Corporate Tax Avoidance

The ITF is deeply concerned that corporate tax avoidance is depriving much-needed funds from schools, hospitals and other essential services. Our research suggests that Chevron’s aggressive tax planning may represent the largest tax avoidance scheme in Australia. Chevron’s current funding structure with subsidiaries in Delaware, like its previous funding structure, appears specifically and intentionally designed to reduce profits and therefore taxes in Australia.

> Read the full Submission