Category: Tax

Lend Lease: double dipping and Dutch tripping

What Lendlease has been doing is buying villages, claiming a bonanza of deductions by changing the contracts from lease to loan arrangements, booking the benefit of those deductions to its bottom line, and ignoring the tax law that says you can’t double dip.

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Glencore, media battles and the pitfalls of fighting a multinational

There was one simple goal: to find out how much income tax was paid by Glencore, Australia’s biggest coal miner. Our quest had more spills than a Blues Brothers movie. We were met with the threat of a lawsuit, newspaper editors caving in with grovelling apologies, weeks of company searches costing hundreds of dollars, a hostile PR offensive run in rival media and the mining lobby and were still none the wiser.

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