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PEOPLE AND POLICY

Chevron responds to taxman

CHEVRON Corporation has significantly cut interest rates associated with inter-company loans involving Australian entities and has started paying back the Australian Taxation Office following charges of tax avoidance.

James Bowen
Chevron responds to taxman

Annual filings lodged with the Australian Securities and Investment Commission show the US major had US$654 million payment tax due to the ATO in 2017 and paid $306 million from the bill, less a withholding...

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