my observation re australia, page-18

"how about some perspective on the situation."



As these government concessions are to operate roads for decades, Transurban's business model is to pay only interest on its debts for the early years, and to take other costs also in the earlier years and not begin to pay down the principal in the debts until much later.
Among other things this structuring achieves the objective of paying very little tax for decades.
In the 10 years before this latest result, Transurban recorded revenues of $6.86 billion, EBITDA of $3.9 billion and tax expense of just $297 million.

Read more: http://www.smh.com.au/business/transurban-pays-just-3-million-tax-despite-collecting-1-billion-in-tolls-20140805-100le8.html#ixzz39Yi4sxCf​

Raider



In the land of the blind,the one eyed man is King.