Australian tax office loses $92m case against mining group Glencore

Federal judge dismisses ATO’s attempt to curb complex copper processing transactions from CSA Cobar mine

The Anglo-Swiss commodities group Glencore has won a round in its war with the Taxation Office, with a judge throwing out a $92m bill relating to one of its Australian mines.

On Tuesday the federal court judge Jennifer Davies set aside three years of tax bills levied against Glencore over its claims for the cost of processing copper from its CSA mine near Cobar.

Continue reading...

 

From our friends over at the : Business | The Guardian

 

You can see the Full Story: Click Here