Chevron Hit With $195M Tax Bill In Aussie Transfer-Price Suit

By Matt Sharp (October 23, 2015, 2:15 PM EDT) -- Chevron Corp. is on the hook for roughly AU$270 million ($195 million) after an Australian court said on Friday that the oil giant improperly lowered its taxes through a loan arrangement with a U.S. subsidiary, handing a win to the Australian Taxation Office in a long-running transfer-pricing dispute....

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