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Barrick Gold subsidiary evaded Tanzanian taxes, tribunal rules (The Globe and Mail)
5 April 2016
(5 April 2016) “The African subsidiary of Barrick Gold Corp. has engaged in a “sophisticated scheme of tax evasion” to dodge more than $40-million (U.S.) in corporate taxes, a Tanzanian tribunal has ruled.
The tribunal, headed by a High Court judge, said the subsidiary of the Toronto-based company had failed to pay any corporate taxes in Tanzania from 2010 to 2013 while still paying more than $400-million in dividends to its shareholders from its gold-mining profits in the East African country.”
To read in full the Globe and Mail article by Geoffrey York, please click here.