Australian Debt Clock, page-9

  1. 25,098 Posts.
    lightbulb Created with Sketch. 72
    Companies like Glencore who borrow money at high rates from themselves in Switzerland to finance Australian operations.the money could be borrowed in Australia for half the rate they pay to them selves to avoid tax.
    I would be happy to see the back side of companies like Glencore who may provide jobs but are screwing the Australian people with dodgy tax avoidance schemes.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.