Chevron loses multi-million dollar transfer pricing court case

Joelle Jefferis

October 29, 2015

The Federal Court in Australia has ruled that Chevron Australia did not prove the interest rate on a loan to its US partner company was at arm’s-length. Chevron now owes the ATO AUS $300 million ($213 million).

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Chevron loses multi-million dollar transfer pricing court case

The Federal Court in Australia has ruled that Chevron Australia did not prove the interest rate on a loan to its US partner company was at arm’s-length. Chevron now owes the ATO AUS $300 million ($213 million).

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