DLA Piper Australia

Jock McCormack of DLA Piper summarises tax-related developments which rounded off 2019 in Australia.

Jock McCormack of DLA Piper summarises the latest topics of interest in Australian tax during the final quarter of 2019.

In Glencore Investment Pty Ltd v Commissioner of Taxation of the Commonwealth of Australia [2019] FCA 1432, in a major victory for the mining giant, the Federal Court found in favour of Glencore, and held that the terms operating between the Glencore Australian subsidiary and its Swiss trader parent in the sale of copper concentrate were within an arm’s-length range.