Judge rejects company’s attempt to claim Fifo travel to Queensland LNG project as $13m tax deduction

10 months ago 37

US multinational Bechtel was contracted to build three large plants on Curtis Island, near Gladstone

A construction company faces a $13m tax bill after the federal court rejected its claim that fly-in fly-out worker costs at an isolated Queensland gas project were fully deductible.

The federal court in Queensland this week rejected the appeal by the Australian arm of US multinational Bechtel against the commissioner of taxation concerning its tax claims for a liquefied natural gas (LNG) project about 470km north of Brisbane.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...
Read Entire Article