ExxonMobil, Chevron, Shell paid no tax in Australia for 2016 - The Sydney Morning Herald
- Category: Business News
Exxon Mobil Corp and Chevron Corp paid no tax in Australia in the 2016 financial year, the third year in a row, despite reporting billions of dollars in income from operations in the country, a report from the Tax Office showed on Thursday.
Exxon Mobil, which has oil and gas production in the Bass Strait and a stake in the giant Gorgon LNG project among other assets in Australia, reported $6.7 billion in income, but it reported a loss for taxable income and paid no tax, similar to the previous two years.
Register to read more...