Glencore Loses Bid to Prevent Australian Tax Office Using 'Paradise Papers' Documents
August 13 2019 - 11:21PM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--Glencore PLC (GLEN.LN) has lost a bid to stop
Australia's tax office from using documents that detail some of its
offshore financial arrangements, as its case was dismissed by the
country's high court on Wednesday.
Glencore sought an injunction to keep Australia's top tax
officials from using documents stolen from Bermuda law-firm Appleby
and provided to the International Consortium of Investigative
Journalists. The documents were released as part of the so-called
Paradise Papers, a collection of more than 13.4 million documents
that detail the ways giant corporations, billionaires and
celebrities move money through offshore tax havens to reduce their
taxes.
"Glencore respects today's High Court decision," a spokesman for
the company said in an emailed statement.
-- Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
August 13, 2019 23:06 ET (03:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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