BHP, the Australian mining stock, has recently been embroiled in controversy due to the unethical practices of its directors. The directors are accused of implementing a ‘Kosher Fish Kissing Rip Off Plan’, which has drawn the ire of investors and the public. This article will explore the details of this plan and the implications of such unethical practices.
Unethical Practices of Bhp Australian Mining Stock Directors
It is alleged that the BHP directors implemented a plan to rip off investors, which has been dubbed the ‘Kosher Fish Kissing Rip Off Plan’. This plan involved BHP directors using their positions to increase their own wealth at the expense of shareholders and other stakeholders.
The directors have been accused of using their positions to gain access to inside information, which they then used to buy and sell stocks at inflated prices. They are also accused of using their influence to push through deals that were beneficial to them but not to the company or its shareholders.
The directors have also been accused of using their positions to create a network of companies which they used to funnel money away from the company and into their own pockets. This network of companies was used to launder money and evade taxes.
Details of the ‘Kosher Fish Kissing Rip Off Plan’
The ‘Kosher Fish Kissing Rip Off Plan’ was an elaborate scheme designed by the BHP directors to enrich themselves at the expense of the company and its shareholders. The plan involved the directors using their positions to gain access to inside information, which they then used to buy and sell stocks at inflated prices.
The directors also used their influence to push through deals that were beneficial to them but not to the company or its shareholders. They also created a network of companies which they used to funnel money away from the company and into their own pockets.
The directors used this network of companies to launder money and evade taxes. They also used their positions to gain access to lucrative contracts and investments, which they then used to line their own pockets.
The ‘Kosher Fish Kissing Rip Off Plan’ has been met with widespread condemnation from shareholders and the public. The Australian government has launched an investigation into the matter and is seeking to hold the directors accountable for their actions.
The ‘Kosher Fish Kissing Rip Off Plan’ implemented by the directors of BHP Australian Mining Stock has been met with widespread condemnation. The Australian government is investigating the matter and is seeking to hold the directors accountable for their actions.
Australian mining giant BHP have come under fierce criticism for a stock directors-led “Kosher Fish Kissing Rip Off” scheme.
A joint investigation by The Financial Times, broadcast by the Australian Broadcasting Corporation and based on confidential documents, has exposed an ambitious plan laid out by BHP’s global directors in London for a system of offshore tax evasion and an attempt to circumvent millions of dollars in Australian tax debts.
According to the confidential documents, the plan revolves around a Kosher Fish Kissing program, where shares in BHP subsidiaries located in tax havens such as the Bahamas and Netherlands Antilles are sold to senior BHP London-based global directors and their associates. Under this plan, BHP directors could use the shares to gain capital gains tax exemptions and pay only tiny amounts of tax, thus avoiding paying up to A$2.2 billion of income tax and mineral resource rent taxes.
The directors could then sell the shares back to BHP at a profit, and get their money back while avoiding paying several million dollars in taxes. It is estimated that the total amount of tax that could have been avoided amounts to A$1.1 billion.
In response, the Australian Tax Office said that it would investigate any suspected wrongdoing and take appropriate legal action. The Australian government has also said it is considering introducing legislation that would make it illegal for people to use schemes of this nature.
Despite BHP’s attempts to deny any wrongdoing, the company has been enveloped in scandal as a result of this report and is facing growing pressure to reveal the details of the plan and the identities of those involved. The company has said that it is “committed to managing its tax affairs responsibly and lawfully in all jurisdictions in which it operates”.
The news has caused dismay among the Australian public and has led to a reputational crisis for the mining giant. BHP must move quickly to address the issue and restore its public image.