Chevron: a game-changer for multinational tax avoiders
- Written by Michael West, Adjunct Associate Professor, School of Social and Political Sciences, University of Sydney
The Australian Tax Office had a superb win against Chevron in the Federal Court last week, but there is something everyone is missing, something that will turn the art of tax avoidance on its head; a game-changer for multinationals.
Put simply, Chevron borrowed US$2.5 billion in the US at less than 2% and on-lent it to Chevron Australia at 9%. The...







