MARKETS

Exxon prepares for Court over $181 million tax stoush

EXXONMOBIL subsidiary Esso Australia has lodged an appeal in the Federal Court of Australia to cull $181 million in allegedly owed tax payments relating to gas produced and sold from the Kipper field offshore Victoria in the Gippsland Basin.

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  Exxon has until late July to provide evidence substantiating its legal argument. According to documents lodged in the Federal Court, it claimed the Australian Tax Office incorrectly estimated the...

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