February 24, 2022

The¬†Orpea¬†group has used the income from its retirement homes to build up a vast real estate portfolio partly managed from tax havens, and engages in “speculation” to enrich its shareholders to the detriment of care for residents, accuse the CGT and the CFDT in a report published Thursday, February 24. The company generates “income for its shareholders through real estate speculation on the land and construction of its own retirement homes,” says the report, prepared at the request of the two unions by the Centre for Corporate Research and Tax Responsibility (Cictar), an Australian-based research firm specializing in “information on the tax arrangements of multinationals”.

Read more on the Capital website (FR).