The Anglo-Swiss commodities group Glencore has won a round in its war with the Taxation Office, with a judge throwing out a $92m bill relating to one of its Australian mines. On Tuesday the federal court judge Jennifer Davies set aside three years of tax bills levied against Glencore over its claims for the cost of processing copper from its CSA mine near Cobar. The case predates and is unrelated to Glencore’s failed attempt to stop the ATO using leaked information contained in the Paradise Papers to investigate offshore finance structures, including $25bn in currency swaps. But Glencore’s victory is a blow for the ... (full story)