Category: Woodside Petroleum

Australia / Chevron / Controlled Foreign Corporation / ExxonMobil / London / Offshore / Oil / Profit Shifting / Singapore / Tax Haven / Woodside Petroleum

ATO warns energy giants over offshore profit hubs

Posted On: January 16, 2017

The Australian Taxation Office has its sights on a $30 billion-a-year natural gas export bonanza expected over the next few years, warning oil and gas giants not to follow the lead of the big miners and “inappropriately shift profits” by selling through tax haven Singapore. At the same time, it… – Continue reading

Australia / Chevron / Chubu Electric Power / ExxonMobil / Japan / Kuwait Foreign Petroleum Exploration / Kyushu Electric Power / Loans / Offshore Companies / Offshore Tax Evasion / Osaka Gas / Profit Shifting / Shell / Transfer pricing / USA / Woodside Petroleum

Chevron ordered to pay millions in Auz taxes

Posted On: October 23, 2015

Chevron lost an appeal in Australian federal court that will see the US supermajor pay more than US$232 million (A$322 million) in back taxes, in addition to fines, after losing a case with the Australian Tax Office (ATO). The Aussie federal court ruled against Chevron, stating the company wrongly shifted… – Continue reading

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