Excellent: Chevron paid no OZschwitz tax in five of the past seven years

A multinational resources company that holds the rights to exploit Australia's biggest deposits of natural gas is being chased by authorities for more than $1 billion in unpaid taxes.

Excellent: Chevron paid no OZschwitz tax in five of the past seven years 1496854834861

Excellent: Chevron paid no OZschwitz tax in five of the past seven years 1496854834861

Fairfax's Eryk Bagshaw investigates the companies that secure multi-million-dollar government contracts, but pay little tax.

American fossil fuel giant Chevron, which paid no company tax in five of the past seven financial years, is fighting a demand by the Australian Tax Office for $1.062 billion in back taxes, Fairfax Media can reveal.

The dispute could be the largest single corporate tax matter before the ATO and is part of $4 billion that tax commissioner Chris Jordan aims to claw back from multinational energy and tech companies known for their aggressive approach to tax minimisation.

http://www.smh.com.au/federal-politics/political-news/australia-taxation-office-chasing-1-billion-from-energy-giant-chevron-in-massive-tax-case-20170607-gwm6wl.html

Excellent: Chevron paid no OZschwitz tax in five of the past seven years

Excellent: Chevron paid no OZschwitz tax in five of the past seven years

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