ENVIRONMENT

Taxing times for Alcoa

ALCOA is facing a $921 million bill after the Australian Tax Office undertook a transfer pricing examination of certain alumina transactions over the past 20 years.

The taxman could be coming for $921 million from Alcoa.

The taxman could be coming for $921 million from Alcoa.

As a result of that examination the ATO has issued a statement of audit position to Alcoa that would result in additional income tax payable of $212 million, exclusive of interest and penalties. That...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions