
Originally Posted by
RR P38
Mr Forrest and his company have not paid any tax for the last 10 years and he is a billionaire! and one of the few Aussie mine owners.
This idea about the ownership of mines an oft repeated falsehood. For a start,BHP is probably the largest owner of Australian mines - and is still, as far as I know, over fifty percent owned by Australian resident shareholders, and has one of the largest number of individual shareholders of any Australian company, as well as the millions more who are indirect shareholders through their superannuation funds. And the same could be said about many other listed companies.
I don't know if the statement about Mr Forrest's tax payments is correct (I thought tax return details were confidential?), but the statement that he is one of few Australian mine owners is patently wrong.
John
John
JDNSW
1986 110 County 3.9 diesel
1970 2a 109 2.25 petrol
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