Aldi lifts lid on its profits and tax

 In Aldi, Australia, NewZealand
German supermarket chain Aldi has lifted the lid on the surging profits in its Australian business as it seeks to defend its record on paying its taxes.
In a submission to the Senate inquiry into tax avoidance, the notoriously publicity shy discount supermarket chain both defends its behaviour on tax and reveals its profitability.
Aldi, controversially in the eyes of some critics, is structured as a limited partnership in Australia meaning it does not file detailed accounts with ASIC.
That arrangement has seen it draw criticism including a remarkable recent spray from Wesfarmers chief executive Richard Goyder where he said Aldi’s tax affairs required a "good look".   Sydney Morning Herald – Read more…

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