Glencore gets transfer pricing win

GLENCORE has had a win over the Australian Tax Office in the Federal Court of Australia in a battle over transfer pricing provisions for copper sales from Glencore’s CSA mine in New South Wales between 2007 and 2009.

Glencore gets transfer pricing win Glencore gets transfer pricing win Glencore gets transfer pricing win Glencore gets transfer pricing win Glencore gets transfer pricing win

Copper concentrates being loaded onto a train at the CSA mine.

The ATO had wanted to charge Glencore an additional $14.7 million in tax in 2007, another $13.7 million in 2008 and an extra $43.8 million for 2009.