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ATO knocks out $40b in resources write-offs (thanks to Chevron win)

The Australian Taxation Office has knocked out about $40 billion in interest deductions by resources giants, boosting the tax take from oil and gas firms following  a landmark legal case involving energy company Chevron. ....

United States , Bob Deutsch , Australian Petroleum Production , Chevron Funding Corporation , Petroleum Resource Rent Tax , Exploration Association , Funding Corporation , Chevron Australia , Australian Financial Review ,

Australian Tax Office v the resources sector: long-running battle heats up following Rio Tinto's $991 million settlement

The Tax Office says the big companies skirt the rules – the minerals council says they are star contributors of public funds. Rio’s $991 million settlement could be just the start. ....

United States , Cayman Islands , Bob Deutsch , Anthony Albanese , Minerals Council Of Australia , Rio Tinto , Tax Office , High Court , Professor Bob Deutsch , Tania Constable ,