Still Faxing: CITIC the gigantic tiny Chinese coal miner – Michael West

What's the scam?

CITIC the Chinese coal mining juggernaut churns out $8bn in revenue from its suite of Australian coal mines, gets government subsidies, but pays almost no tax and actually faxes in its one financial report to regulators. What’s the scam?

Source: Still Faxing: CITIC the gigantic tiny Chinese coal miner – Michael West

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