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

News
‘Corporate Canada's deal making needs more sunlight’
‘Corporate Canada's deal making needs more sunlight’

Jason Ward calls for greater tax transparency in Canada’s National Observer

US business giants ask Trump to bully Australia into dropping new tax transparency laws. CICTAR says ‘no credible evidence’ to back up their concerns.
US business giants ask Trump to bully Australia into dropping new tax transparency laws. CICTAR says ‘no credible evidence’ to back up their concerns.

US business giants object to transparency and ask Trump to bully Australia on their behalf.

Brazil Media Covers New Report From CICTAR And Sindae
Brazil Media Covers New Report From CICTAR And Sindae

Brazilian media coverage of CICTAR and Sindae’s new report on privatization in Brazil’s water and sanitation sector

Despite $22bn promise, Adani has paid zero corporate tax in Australia and experts think it won’t ever pay a cent
Despite $22bn promise, Adani has paid zero corporate tax in Australia and experts think it won’t ever pay a cent

The Guardian reports on how Adani’s Australian assets regularly report annual losses despite strong revenue

ABC News: Australia to miss out on tax top-up from multinationals as Trump ends OECD reform. Read, listen, watch
ABC News: Australia to miss out on tax top-up from multinationals as Trump ends OECD reform. Read, listen, watch

ABC reports on how Australia will miss out on tax take as a result of G7 countries ‘caving’ to Trump

Environmental platform ‘Sumaúma’ reports on the tax exemptions that are fuelling deforestation and pollution in the Amazon
Environmental platform ‘Sumaúma’ reports on the tax exemptions that are fuelling deforestation and pollution in the Amazon

Sumaúma article on tax exemptions for agribusiness es operating in Brazil

Fair Observer publishes CICTAR op-ed on Merck shareholder transparency push
Fair Observer publishes CICTAR op-ed on Merck shareholder transparency push

‘Fair Observer’ article by CICTAR’s Jason Ward

TVNZ: Popular ride share app Uber has been accused of not paying its fair share of taxes in New Zealand.
TVNZ: Popular ride share app Uber has been accused of not paying its fair share of taxes in New Zealand.

CICTAR quoted in Guardian article on ‘cruel joke’ tax concessions on donations to Australia’s richest private schools
CICTAR quoted in Guardian article on ‘cruel joke’ tax concessions on donations to Australia’s richest private schools

CICTAR’s Jason Ward quoted in Guardian article on tax subsidies for elite private schools

CICTAR applauds Australia Treasurer calls for tax reform—let’s start with multinationals
CICTAR applauds Australia Treasurer calls for tax reform—let’s start with multinationals
French Media Outlet, ‘Off Investigation’ Covers CICTAR’s report on Starbucks
French Media Outlet, ‘Off Investigation’ Covers CICTAR’s report on Starbucks

French media outlet ‘Off Investigation’ covers CICTAR’s Starbucks report

 

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Patrick Orr
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