Broke: Coal Mining Giant Games Global Tax System

Written By Patrick Orr

This report details Glencore’s complex transnational corporate structure, which seems to facilitate shifting profits around the world to reduce the company’s tax obligations. The report surveys instances where Glencore has been found to have avoided taxes or is involved in legal disputes over its tax practices. The report also reviews a recent purchase by Glencore of a troubled coal mine in Colombia, which may be an avenue to construct a new debt-based tax shelter for future earnings in Australia.

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We contacted Glencore to respond to our allegations. You can read their response here.

 

Latest News

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ABC News: New transparency law aims to deter multinational tax avoidance

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‘End of the party’

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The Post coverage of CICTAR Methanexit report
The Post coverage of CICTAR Methanexit report

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CICTAR Principal Analyst Jason Ward makes it a hat-trick. Named in ITR ‘Global Tax 50’ for third year running

CICTAR Principal Analyst, Jason Ward, makes the ITR ‘Global Tax 50’ for third year running

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Australia Walks Its Own Path on Public CbC Reporting

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Financial Times: Australia raises pressure on multinationals with strict tax disclosure law

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World-leading tax transparency wins in Australia
World-leading tax transparency wins in Australia
CICTAR attends PSI Interamericas regional conference: download the materials (English, Spanish and Portuguese)
CICTAR attends PSI Interamericas regional conference: download the materials (English, Spanish and Portuguese)

CICTAR attends PSI Interamericas regional conference; download the materials (English, Spanish and Portuguese)

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Canada’s largest port operator shortchanging Canadians?

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Patrick Orr
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