Mormons walk away from major multinational tax evasion scheme
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The Mormon Church is significantly reducing its use of a controversial shell company after an investigation revealed it had engaged in alleged serious tax evasion in Australia.
The Church of Jesus Christ of Latter-day Saints, commonly known as the Mormons, set up a tax structure in 2012 that allowed its adherents in Australia to accumulate exemptions worth hundreds of millions of dollars that are not lawfully available to followers of other religions.
Content retrieved from: https://www.smh.com.au/national/mormons-walk-away-from-major-multinational-tax-evasion-scheme-20230705-p5dlxs.html.
