
How Chevron's Australian tax case redefines the 'arm's length' test
Oil and gas multinational may have changed the transfer pricing landscape for all time. Just because two companies have independent boards, a court decided, doesn’t mean it’s arm’s length.

Oil and gas multinational Chevron – once dubbed the “Godfather” of Australian tax avoidance – is more than the story of a multinational aggressively minimizing tax: a task that falls to the corporate treasurers of all multinational corporations (MNCs).
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