Nick Shaxson ■ New report: Chevron’s Australian tax avoidance exposed


ChevronFrom Public Services International:

“A report released today has revealed the extent of tax avoidance undertaken by US-based oil giant, Chevron, on its largest global project – the Gorgon LNG project in Australia.

The report, Chevron’s Tax Schemes: Piping profits out of Australia?, was produced by the International Transport Workers’ Federation (ITF) and endorsed by the Tax Justice Network –Australia and has unveiled how much tax revenue may be lost through complex profit shifting schemes. 

. . . The potential lost revenue from Chevron’s tax avoidance scheme is more than Australia’s annual budget for education and more than half the annual budget for health.

The report was released at the Global Labour Tax Summit held at the International Labour Organisation (ILO) in Geneva.


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