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Senator accuses Chevron of being ‘biggest tax dodger

Admin | 5:47 PM | |
CANBERRA: Labor Senator Sam Dastyari has accused oil and gas multinational Chevron of being the "biggest tax dodger" in Australia.

Chevron Australia managing director Roy Krzywosinski has denied any wrongdoing when it comes to its tax arrangements, and says its contribution to tax revenues will amount to $A350 billion once the Gorgon LNG project is up and running.

"It will buy a lot of hospitals, it will purchase a lot of schools ... there is a lot in it for Australia," he told a Senate hearing into corporate tax avoidance in Sydney. H e said the project, which employs 19,000 workers in Western Australia, is in the investment stage and that "not one dollar of revenue has been raised" so far. But Senator Dastyari described Chevron’s evidence as "just extraordinary" and its tax structure involving internal loans as nothing but a "rort".