General
The Big Grift: How the Top End of Town rorted Jobkeeper
Mirvac racked up more than $20 billion in sales over the past six years and paid not a skerrick in income tax.
It also racked up profits through the pandemic, but that has not stopped the property juggernaut from helping itself to the government’s JobKeeper scheme too; gorging itself on a public subsidy which was intended only for companies which suffered a large fall in turnover.
Like dozens of other companies on the ASX – as demonstrated in the interim profit reporting season which draws to a close today – this profitable $10bn company has grabbed the subsidy while having the cheek to pay large dividends to its shareholders ($305m is the latest) and lavish salaries to its executives.
Others have paid part of their JobKeeper…
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