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.

 

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