Yes indeed. Interest charges seem more likely than massive misinvoicing of commodities by bluechips- but also see..https://twitter.com/Stoorrrt/status/898838026285006848 …
Chevron case principle paradoxical? Difference between AL interest rate for project vs for MNC group will be higher for developing countries
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Real win w/ Chevron is that implicit support is valid i.e. likelihood of parent bailing subsidiary out should be factored into credit rating
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This ruling may end coys using intercompany loans to shift profits - there will be an expectation that cost of borrowing should be same.
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