Coles claim for $40M in refunds for lost fuel ‘completely unreal’, ATO tells court

Tax 2019-07-29 9:07 pm By Christine Caulfield | Melbourne

A claim by Coles for $40 million in tax credits for fuel that evaporates or leaks from the 3,000 tanks at its service stations — based on an argument that the company buys extra fuel to account for the loss — is “completely unreal”, a lawyer for the tax office told a court Monday.