Chevron says tax ruling will affect Australian investment
2017-05-03 06:44:58

Opinion: This presents a major risk factor for future projects by exemplifying that Australian tax precedent cannot be relied upon. The ATO should not change the tax arrangements for a project from historical arrangements and precedent after a project has commenced and the capital committed. Australians do not understand that most LNG projects are financed with foreign investment because Australians will not invest in these projects. The uncertainty of tax arrangements will further increase the risk and reduce the return from Australian LNG projects. Bron Skiba, 03/05/2017

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