Glencore tax bill on $15b income: almost zero

Facebook Twitter Linkedin Email Australia’s largest coalminer, Glencore, paid almost zero tax over the past three years, despite income of $15 billion, as it radically reduced its tax exposure by taking large, unnecessarily expensive loans from its associates overseas. At up to 9 per cent, the interest rates on these $3.4 billion in loans were … Continue reading Glencore tax bill on $15b income: almost zero