I was absolutely delighted to learn that the ATO has won its battle against offshore giant corporation Chevron; saving Australian taxpayers an estimated $10Billion over the next decade.
We can thank the likes of the incredibly courageous International Consortium of Investigative Journalists [ICIJ] for this outcome, but Malcolm Turnbull's Government also needs to be congratulated:
"... The federal government is expected to score a $10 billion windfall over the next decade after multinational oil giant Chevron abandoned an appeal against the Australian Tax Office in the High Court.
In a settlement believed to be worth more than $1 billion, the US company's case hands Australian authorities a precedent that will shape all future tax arrangements for multinational resources companies. ...:
