Burns Philp

Food and beverage manufacturing

The Rank Group, owned by New Zealand's richest man, Graeme Hart, acquired a 53.7% shareholding in Burns Philip & Company Ltd in Jan 2004. In late 2005 Goodman Fielder was floated on ASX and NZSX for $2.2billion. Burns Philp kept a 20% stake.In May 2006 Burns, Philp & Co. sold the Uncle Tobys breakfast cereals and soups business for A$890 million ($669 milion) to Nestle Australia Ltd In November 2006 Burns Philp was privatised and is now wholly-owned by Graeme Hart's Rank Group.

Company Ownership

Burns, Philp & Company Ltd	NZL	website
Rank Group Ltd       owns 100% of Burns, Philp & Company Ltd	NZL	website
Investment company Rank constituent companies operate internationally in packaging, consumer goods, building supplies, and automotive aftermarket industries. Wholly owned by New Zealand's richest man, Graeme Hart.

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Company Assessment

PRAISE	CRITICISM	INFORMATION
Burns, Philp & Company Ltd
	Tax dodging in Australia Between 2013 and 2018 this company paid zero tax on a total income of $7.2 billion, earning the number 36 spot on Michael West's Top 40 Tax Dodgers 2020. West calculated which of Australia's largest companies have paid the least tax, or no tax, on the highest incomes using five years of tax transparency data published by the Australian Tax Office. Source: Michael West (2020)	No tax paid in 2016/7 According to data released by the Australian Tax Office in Dec 2018, this company was one of 2,159 local and foreign-based companies that paid no tax in Australia in 2016-17. Please note however that companies pay income tax on profits, not revenue (total income). While some companies use tax havens and loopholes to avoid paying their fair share of tax in Australia, other companies that paid no tax have perfectly legitimate reasons. Source: ATO (2018)
Rank Group Ltd
No assessment data currently available for Rank Group Ltd

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