Australia’s largest aged care providers are shifting profits offshore and paying minimal tax, all while receiving hundreds of millions of dollars in government subsidies, a new report finds.

The report, authored by the Tax Justice Network, analyses the complex and opaque corporate structures used by the biggest for-profit operators of nursing homes in Australia.

Two of the biggest companies named in the report – Bupa and Opal Aged Care – paid minimal tax in Australia.

The report finds both used tactics commonly associated with profit-shifting, including related party loans and the use of trusts in so-called “stapled security” arrangements.

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