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.

Taxing times for Alcoa Taxing times for Alcoa Taxing times for Alcoa Taxing times for Alcoa Taxing times for 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.

topics

loader
  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Pandemic no impediment. Read more.
  • Latest COVID-19 Coverage: Like sand through the hourglass. Read more