Australia’s largest coal miner avoiding hundreds of millions in tax payments, short-changing Australian communities – according to CICTAR
Glencore makes billions of dollars every year digging out Australian coal but pinches pennies when it comes to contributing to the tax base.
- Glencore makes billions of dollars every year digging out Australian coal but pinches pennies when it comes to contributing to the tax base.
- Not only is Australias biggest coal miner Glencore profiting off Australian coal and dodging taxes, it also leaves Australian communities to foot the bill after coal fuels climate impacts such as bushfires, storms, droughts and floods."
- Glencore, the US$42 billion commodities giant, is the worlds largest thermal coal exporter and Australia is its largest source of coal.
- Since that time, Glencores Australian business is channelled into Switzerland, where according to its own corporate reports, Glencore pays zero income tax.