Fortescue defends Singapore company

Fortescue defends Singapore company

AAP Fortescue Metals Group has set up an international marketing company in Singapore, but insists it is not trying to avoid paying tax. After lambasting its bigger rivals Rio Tinto and BHP Billiton for using marketing hubs as tax shelters in Singapore, Fortescue has defended the establishment of an investment company in the city state. Fortescue confirmed it has established an investment compan…

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