Glencore fails to prevent tax office using Paradise Papers documents

The global mining giant Glencore has failed in an attempt to force the Australia Taxation Office to surrender Paradise Papers documents which it claimed would breach the secrecy of communications with its lawyers.

On Wednesday the high court unanimously ruled that legal professional privilege does not grant Glencore a right to stop use of the documents, which the tax office told the court it needed to assess the mining giant’s tax obligations.

Victory for Glencore would have represented a major break with the rest of the common law world and created alarm among regulators, who are already angry at the use of legal professional privilege to stop documents being unearthed during investigations.

The case concerned legal advice on the Project Everest corporate restructure provided by the premier offshore law firm Appleby, obtained

... read more at:


Leave a Reply