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Dave R

58,089 Posts.

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19/08/17

08:29

Post #: 26605149
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Originally posted by Lapdog ↑

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. ...:

http://www.theage.com.au/business/t...-chevron-abandons-appeal-20170818-gxz718.html

To all of those who played a part in this decision, "Well Done folks!!!!!!"

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That's one down and dozens more to go. But well done to our government for starting to turn this tax dodging around.
It's a shame that this only happened because of publicity and public disgust at the rorting our governments allow though.
Dave R.
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