Broke: Coal Mining Giant Games Global Tax System
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.
We contacted Glencore to respond to our allegations. You can read their response here.
Latest News
Ed Miller examines the financial case for a DP World led consortium takeover of Lyttelton Port
Media coverage of CICTAR’s report on the Australia’s outsourcing of its jobseeker system
Media coverage of CICTAR’s Cymru Care report
Independent media outlet reports on Starbuck’s use of Switzerland to reduce its global tax bill. Including evidence from CICTAR.
Brasil de Fato: Telecoms companies Vivo, Claro and Tim ‘accentuate Brazilian tax injustice’
Jason Ward quoted in Sydney Morning Herald
Coverage from Uganda’s Daily Monitor of CICTAR’s latest Starbucks report
CICTAR’s Jason Ward is quoted in a further Bloomberg article on new transparency measures