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Price is right – Transfer pricing case decided in Federal Court

The Federal Court delivered Glencore a significant win against the Commissioner of Taxation.

The Federal Court has delivered Glencore Investment Pty Ltd (Glencore) a significant win against the Commissioner of Taxation (Commissioner) in relation to the transfer prices it used on certain cross-border related party transactions associated with its Cobar copper mining operations.The decision in Glencore Investment Pty Ltd v Commissioner of Taxation [2019] FCA 1432, delivered on 3 September 2019, has implications for taxpayers, notably being the first transfer pricing case in Australia f...

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Authors: Angela Wood, Glen Hutchings, Frank Putrino

Published Date: 02 October 2019

 

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