Tag: Brookfield

Latest Aussie Tax Haven Sale: Pyramids of Brookfield get Treasurer’s tick to take aged care empire – Michael West

Latest Aussie Tax Haven Sale: Pyramids of Brookfield get Treasurer’s tick to take aged care empire

Five people died at a children’s hospital in Scotland built by Brookfield, billions have been stripped offshore in Australian assets, yet Treasurer Josh Frydenberg has approved the sale of the nursing home and retirement village business Aveo. It will be controlled in Bermuda. This follows the Brookfield takeover of 43 Australian hospitals.

via Latest Aussie Tax Haven Sale: Pyramids of Brookfield get Treasurer’s tick to take aged care empire – Michael West

House of Cards: is Brookfield the next Babcock & Brown? – Michael West

The Foreign Investment Review Board has already waved through the Healthscope acquisition and is presently deliberating on the Aveo deal. Yet the question must be asked; as Brookfield pays so little tax in Australia, what is the national interest in allowing this tax haven operator to buy billions of dollars buying key infrastructure when it merely siphons the profits offshore?

via House of Cards: is Brookfield the next Babcock & Brown? – Michael West