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Major multinational port operator paid zero tax in Australia while raking in billions

Major multinational port operator paid zero tax in Australia while raking in billions

Exclusive: DP World, part-owned by the Dubai government, may have ‘artificially reduced profits’, a new report claimsGet our morning and afternoon news emails, free app or daily news podcastDP World, one of Australia’s two largest port operators, has paid no tax in Australia despite generating revenue of more than $4.5bn over eight years.A new report by the Centre for International Corporate Tax Accountability and Research (Cictar) says that DP World’s top Australian subsidiary may have “artificially reduced profits” to achieve the result.

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