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clock Created with Sketch. 09/05/15
17:09
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Originally posted by Mongrel
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Again, I urge you to read the senate transcripts. Both Rio and BHP pay tax on their Australian operations profits. The only tax advantage they get from operating in Singapore is due to the physical placement of the offices/employees there. In this way they are no different to all those companies that outsource their call centres to India, The Philipinnes, etc. Transfer pricing, which is what is insinuated by suggesting IO is supplied to Singapore at low/no cost to reduce taxes, is carefully monitored by the ATO and customs.ad valorem royalty precisely to counter these risks. How quickly we forget when self interest reigns!
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Please read the Senate Inquiry transcripts again:
