The brighter outlook for domestic supplies follows actions by the government to ensure companies provide adequate quantities of gas into the local market at reasonable prices
If Australia adopted a similar approach to the Hong Kong to eliminate debt loading abuse, United States oil and gas giant Chevron would have been denied A$6.275 billion in interest deductions.
Ray Strange/AAP
New modelling shows governments need to ensure that corporations benefiting from the use of Australia’s resources, are contributing the same as they do in other jurisdictions.
The tax haven structures associated with Chevron Australia’s US parent have come to light.
Reuters/Bogdan Criste