Original article by Matt Chambers
The Australian – Page: 19 : 8-Jun-17

Chevron Australia’s financial accounts show that it made a net loss of $US541m in 2016, compared with a $US165m profit in 2015. The local subsidiary of US energy giant Chevron did not pay income tax and petroleum resource rent tax in 2016. The accounts also indicate that the Australian Taxation Office has issued amended assessments regarding interest deductions on intercompany loans for the period covering 2009 to 2013. This is in addition to the additional tax bill of $A340m for the period from 2003 to 2007.

CORPORATES
CHEVRON AUSTRALIA PTY LTD, CHEVRON CORPORATION, AUSTRALIAN TAXATION OFFICE, FEDERAL COURT OF AUSTRALIA