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Crank up mining royalties on Iron ore, page-86

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mickban

12,279 Posts.

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25/03/20

12:51

Post #: 43689757
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Originally posted by moorookamick ↑

Miners dont "give " us royalties voluntarily, the pay them under duress because otherwise it is tax evasion which is a criminal offence with significant penalties.

Even so, both BHP & RIO have used their Singapore marketing hup to reduce FOB Australia pricing (Transfer pricing) thereby illegally reducing their Aussie Corporate tax and State royalties .Over the past year it has cost both over $500 million each with more pending. If you think that this behaviour is befitting good (benevolent) Aussie corporate citizens, then good on ya mate?

despite the enormous profits made my multinationals globally, have a Captain Cook at the corporate tax that they "give" to us:
Glencore is a case in point:

https://www.abc.net.au/news/2018-12-13/one-third-of-australian-companies-paid-no-tax-ato/10614916

Cheers
MM
PS: I always provide supporting evidence where possible !

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"they pay them under duress"

They pay because it is the law to pay Bernie. Just like your tax!!!!
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