In the lead up to this week’s election Waleed Aly gives an insight on company tax cuts. Courtesy: The Project/Network Ten
The maker of Nurofen has defended its global tax arrangements. Picture: Kirsty Wigglesworth
AS DONALD Trump so aptly put it, minimising your tax bill is the smart thing to do in business.
But his views are not shared by Oxfam, which is campaigning to close loopholes that allow global conglomerates to shift their cash offshore, thus reducing the amount of net tax paid on earnings in some cases, to zero.
The charity has taken aim at Reckitt Benckiser, the company behind Nurofen, Dettol and Clearasil, which it accuses of a $365 million tax minimisation scheme that robs countries including Australia of much-needed dollars…
Read the full article at: http://www.news.com.au/finance/money/costs/nurofen-maker-accused-of-making-365-million-of-tax-disappear/news-story/97e303a56116ae877ebf2e23c8793707