http://www.smh.com.au/business/xstrata-claims-on-tax-and-job-losses-do-not-add-up-20100608-xtm7.html
In May Xstrata said it had paid $4.3 billion in tax and royalties since 2003. A BusinessDay analysis of the company's accounts shows the miner paid $2.2 billion in royalties, indicating it had paid $2.1 billion in income tax over the period. Since 2003, Xstrata has earned $96.5 billion in revenue and made $12.8 billion in profit, paying tax at an average effective rate of 16.2 per cent - 33.6 per cent including royalties.
The house of cards is really starting to unravel for these liars.
Stick phat Ruddster, the worm is starting to turn.
In May Xstrata said it had paid $4.3 billion in tax and royalties since 2003. A BusinessDay analysis of the company's accounts shows the miner paid $2.2 billion in royalties, indicating it had paid $2.1 billion in income tax over the period. Since 2003, Xstrata has earned $96.5 billion in revenue and made $12.8 billion in profit, paying tax at an average effective rate of 16.2 per cent - 33.6 per cent including royalties.
The house of cards is really starting to unravel for these liars.
Stick phat Ruddster, the worm is starting to turn.