5 thoughts on “Mining and lead poisoning in Australia

  1. Pingback: Mining and lead poisoning in Australia | Ώρα Κοινής Ανησυχίας

  2. Wed Jul 16, 2014 10:13 am (PDT) . Posted by:
    “James Hutchings” apeloverage

    Australia’s largest coalminer, Glencore, paid almost no tax over the past three years, despite income of $15 billion.

    The company reduced its tax burden by taking large, unnecessarily expensive loans from its associates overseas.

    At up to 9 per cent, the interest rates on these $3.4 billion in loans were double what the company would have had to pay had it simply borrowed the money from the bank.

    Glencore also benefitted from the total of $17.6 billion in government subsidies and assistance for the mining industry.

    (Source: Sydney Morning Herald)

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