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Alcoa hit with $921m tax bill

Brad Thompson
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US aluminium giant Alcoa is set for a legal battle with the Australian Taxation Office after its local operations were hit with a $921 million bill over transfer pricing allegations.

The tax hit comes with a cloud hanging over the Portland aluminium smelter in Victoria, where Alcoa is the biggest shareholder.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
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    Original URL: https://www.afr.com/companies/manufacturing/alcoa-hit-with-921m-tax-bill-20200708-p55a2g