Robust comparables: Success for Glencore in the Full Federal Court

Key practical lessons can be gleaned from the case to assist taxpayers in managing the pricing of cross border arrangements, as detailed by Angela Wood, Frank Putrino, Glen Hutchings, Jeremy Capes and Annemarie Wilmore.

The Full Federal Court handed down its decision in Commissioner of Taxation v Glencore Investment Pty Ltd [2020] FCAFC 187 (Glencore decision) on 6 November 2020, with Glencore largely successful. The Commissioner’s appeal was allowed in only one confined respect, relating to a freight allowance. Aside from this, Glencore’s success at first instance stands. Read the report: Robust comparables: Success for Glencore in the Full Federal Court In the technically complex and lengthy judgment (...

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Authors: Angela Wood, Frank Putrino,

Published Date: 24 November 2020