Even as ExxonMobil announced that it doesn’t expect to pay any corporate taxes to the Australian government until 2021 after an already five-year tax hiatus, the company has been accused of generating billions in revenue in that country but using subsidiaries in a scheme designed to avoid paying its dues.
According to the UK Guardian newspaper, ExxonMobil told a Senate inquiry last Wednesday it did not expect to pay any Australian corporate tax until 2021, meaning it would not have paid the tax for eight years, and was again accused of misleading the inquiry over its links to tax havens.
The Guardian said that the oil and gas giant’s Australian tax affairs have faced close scrutiny since the release of an investigation by the Tax Justice Network (TJN) last year that exposed a complex web of hundreds of foreign subsidiaries designed for tax avoidance.
On global non-profit tax