Chevron loses appeal against $260 million Australia tax bill
Friday, 21 April 2017 CANBERRA, Australia (AP) — An Australian subsidiary of U.S. energy giant Chevron Corp. has lost a court appeal against a 340 million Australian dollar ($260 million) tax bill in a ruling with ramifications for how multinational corporations transfer money. Three judges of the Australian Federal Court unanimously rejected on Friday Chevron Australia’s appeal against tax […]
U.S. House Speaker Paul Ryan's tax reform scheme appears to be losing ground as the likely framework for the first major tax overhaul since 1986. According to Reuters, rival approaches are emerging from the White House, Senate and parts of Congress. Washington insiders say the changing focus could...
MELBOURNE (Reuters) - Chevron Corp has withdrawn an appeal to Australia's High Court over a disputed A$340 million ($268 million) tax bill, leaving in place a... Reuters - BusinessAlso reported by •OilPrice.com