11 Nov 2016
Speech - Constituency Statement (BHP Tax Evasion)
Over the past decade, the behaviour of BHP and other multinational companies has shattered public faith in our political system. We have heard about trickle-down economics, but it has an older and uglier brother. This is the straight rip-off, where companies refuse to play by the rules, and their cronies simply look the other way. It is clear that, over a decade, there has been a culture of tax avoidance at BHP, and they have sought to evade tax on $5.7 billion held in their Singapore tax shield. Not only have they flouted federal tax law; they have also behaved disgracefully in seeking to avoid state royalty payments through transfer pricing.
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