Iron Ore Price, page-1776

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Biggest accounting firms worldwide earn most of their fees from setting up these elaborate tax structure to avoid tax

It's similar to the term that Sam W made about IO supply " if we do not mine it someone else will dig it up and sell it"

He must also be a firm believer that if they don't avoid paying taxes, someone else will and to maintain earnings in a free market system that he worships,
a few billion here or there avoided in taxes is just and fair, after all they are RIO and not some small outfit that as he confirms, should not even be in the IO market that belongs only to the big 2.

Really should be called tax evasion and not avoidance (their is a slight difference), evasion is a criminal offence

I wonder if they have offices in the Cayman Islands, Bahamas, Switzerland etc... after all these locations are suited to IO miners from which to run their operations from

Silly me for operating my business as a company here in Australia and paying at a tax 30.00%, Singapore is the go at a 5.00% tax rate

I am closing down the company this week, and registering a new company based in Singapore