Ampol has become the latest resources company to settle with the Australian Taxation Office over the use of an overseas marketing hub, announcing a $157 million agreement on Monday.
The company, the former Caltex Australia, told investors it had reached a final deal with the ATO over previous tax filings dating back to 2014. The agreement also locks in tax revenue from the company until 2033.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
