Global mining and trading giant Glencore has won a dispute with Australia's...
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File Photo
Australia’s Tax Commissioner alleged that Glencore’s Swiss head office had failed to pay market rates for the copper it bought from its CSA mine in 2007, 2008 and 2009, and raised its assessment of tax owed by A$92.6 million . The long-running court case began after Glencore appealed the result of the ATO’s audit in 2011-2013.
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