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Alcoa Welcomes Australian Tax Decision

1. Alcoa welcomes the ART decision on disputed tax liabilities. 2. The outcome affects historical alumina sales and future tax obligations.

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FAQ

Why Bullish?

The ART decision favors Alcoa, potentially reducing tax burdens. Historical tax clarity often positively influences stock prices.

How important is it?

Settlements like this can improve financial outlook, thus attracting investor interest in AA.

Why Short Term?

Immediate relief from tax uncertainties could affect investor sentiment quickly, similar to past settlements impacting stock price.

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AAIRIOBHP
PITTSBURGH--(BUSINESS WIRE)--Alcoa of Australia Limited (“Alcoa”), a wholly-owned subsidiary of Alcoa Corporation (NYSE: AA; ASX: AAI), welcomes the decision of the Administrative Review Tribunal of Australia (ART) issued today in relation to a review of decisions of the Australian Taxation Office (ATO) in respect of certain disputed tax liabilities. The dispute is related to transfer pricing of certain historic third-party alumina sales pursuant to which the ATO asserted that additional tax wa.

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