SingTel loses transfer pricing dispute with ATO over $14.2B Optus acquisition

Tax 2021-12-20 10:13 pm By Miklos Bolza | Sydney

Singapore telecommunications giant SingTel cannot claim over $894 million in tax deductible “transfer pricing benefits” for interest paid by a cross-border subsidiary on a loan for the $14.2 billion acquisition of Optus, the Federal Court has ruled.