Editor's note

The Australian Taxation Office’s win against oil and gas giant Chevron may be the start of something, if the government wants to act.

After a long court battle Chevron lost its appeal and was ordered to pay the ATO A$300 million. Now new modelling from accounting experts shows the government could have recouped billions more in tax and royalties from the company, if it had addressed the multinational tax avoidance techniques Chevron was using earlier.

But these experts argue that by reforming another tax, the government might still have a chance to ensure Australia receives full dues from the corporations tapping Australian resources.

Jenni Henderson

Editor, Business and Economy

Top story

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

Chevron is just the start: modelling shows how many billions in revenue the government is missing out on

Roman Lanis, University of Technology Sydney; Brett Govendir, University of Technology Sydney; Ross McClure, University of Technology Sydney

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.

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