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NGOs accuse Glencore of tax irregularities in Zambia

Five NGOs have filed a complaint with the OECD against Glencore, the world’s largest commodities trader, one month before it is due to embark on a mammoth initial public offering.

16th April, 2011
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Five NGOs have filed a complaint with the OECD against Glencore, the world’s largest commodities trader, one month before it is due to embark on a mammoth initial public offering.

The group has alleged that a Zambian mine the firm controls may be evading tax in that country in a manner inconsistent with OECD guidelines for multinational companies.

The allegations stem from a leaked auditor’s report by Grant Thornton and Econ Poyry, which...

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