News / DP World 'shortchanged Australia' by avoiding corporation tax for eight years

Facing anger from terminal users, DP World Australia is also coming under fire for allegedly “artificially reducing profits” to avoid paying corporate tax over eight years.

This was the claim in a report by the Centre for International Corporate Tax Accountability and Research, which concluded that between 2015 and the end of last year, the Dubai terminal operator’s Australia division generated revenue of AS$4.5bn (US$2.9bn), but “appears to have used party debt transactions, inflated management service fees and possibly other schemes ...