Chevron Australia has decided to seek special leave to appeal to the High Court of Australia in relation to its financing dispute with the Australian Taxation Office.
As recognized by the Federal Court, Chevron Australia’s financing is a legitimate business arrangement, and the parties differ only in their assessments of the appropriate interest rate to apply.
Chevron Australia pays a substantial amount of tax in Australia, including royalties, payroll tax, fringe benefits tax, excise and interest withholding tax. Since 2009, we’ve paid about $4.5 billion in federal and state taxes and royalties.
We are one of Australia’s largest investors and employers. In addition to tax payments, Chevron will continue to deliver substantial economic benefits for decades to come.