While the focus was on the level of debt that can or cannot be sustained by Glencore one should also ask what amount of taxes are paid by the Commodity trading houses - most of them based in tax-friendly Switzerland. A lot of criticism was recently directed at the tax avoidance schemes employed by Amazon and Starbucks, to name just a few prominent names. But who really knows where the trading houses book their profits?
As the coronavirus disease 2019 (“COVID-19”) spreads across the globe, we
are beginning to see the first major impacts on businesses, financial
markets, an...
21 hours ago
