Category: Orica

Australia / Canada / Chevron / Loans / New Zealand / Offshore Companies / Orica / Profit Shifting / Shares / Tax Planning / USA

Orica profits hit after losing battle with Australian Tax Office

Posted On: December 8, 2015

Explosives maker Orica will take a $36 million hit to its bottom line after the Federal Court found it had avoided tax by using “round robin” financing arrangement it put in place a decade ago to boost its profit and ward off takeover bids. BusinessDay revealed Orica’s battle with the… – Continue reading

Australia / BHP Billiton / Brazil / Loans / Orica / Profit Shifting / PWC / USA

Orica fights $50 million tax bill over ’round-robin’ financing

Posted On: October 16, 2015

Orica has again found itself at odds with the Australian Taxation Office, this time over the circular financing arrangements the explosive maker put in place in 2002 to improve profits for the then struggling group. Orica has disputed the amended tax assessment from the ATO in relation to its “round-robin”… – Continue reading

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