Looks like BHP and Rio are in good company of another global...

Looks like BHP and Rio are in good company of another global giant...

International fast-food giant McDonald's avoided paying half a billion dollars of tax in Australia over a five-year period by shifting profits through the low-tax nation of Singapore, a new report by a global coalition of trade unions says.
The report, which has been funded and commissioned by a coalition of global trade unions including the Public Services International (PSI) – of which the Community and Public Sector Union is a member - the International Union of Foodworkers (IUF) and the Service Employees International Union (SEIU) – looks at how McDonald's has used "aggressive" tax strategies to avoid billions of dollars in taxes every year.
Something is wrong when we can put a man on the moon but 40 years later can't tax a hamburger.
Public Service International General Secretary, Rosa Pavanelli
The report, Golden Dodges: How McDonald's Avoids Paying Its Fair Share of Tax, does not allege illegal behaviour by the company, which is among several multinationals that have been taking advantage of loopholes in current laws.

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