American Express pays no tax on multibillion-dollar Australian operation for seven years

Credit card giant American Express has in effect paid no income tax on its multibillion-dollar operation in Australia for seven years. An investigation by Fairfax Media and University of NSW accounting academic Jeff Knapp found its local arm, American Express Australia Ltd, even received a net tax gain of $3.3 million It defies belief that over seven years, American Express … Continue reading American Express pays no tax on multibillion-dollar Australian operation for seven years