| When leaked documents describing the tax avoidance arrangements of 340 companies were published in November last year, one of the most surprising names to appear among the papers was the Future Fund, Australia’s sovereign wealth fund. Roughly 28,000 pages of documents were dissected by newspapers across the globe, which laid out special tax deals granted by the Luxembourg tax authorities to some of the world’s largest corporations.
Those accused of conducting tax avoidance on an industrial scale, and whose names were hauled through the press, included Pepsi, Ikea, Burberry, Procter & Gamble, Heinz, JPMorgan and FedEx...............................................Full Article: Source
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