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Quicksilver Industries: Difference between revisions
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In 2007, workers in Algoquona planned to sue a Quicksilver-owned company over poisoning from a cleaner used to clean naval ships. The workers claimed that they were not informed of possible occupational illnesses. | In 2007, workers in Algoquona planned to sue a Quicksilver-owned company over poisoning from a cleaner used to clean naval ships. The workers claimed that they were not informed of possible occupational illnesses. | ||
In 2010, a spate of suicides linked to low pay at a newly opened Quicksilver-owned industrial park in | In 2010, a spate of suicides linked to low pay at a newly opened Quicksilver-owned industrial park in [[Mutsutori]] occurred alongside several additional suicides at various other locations and facilities. This incident drew intense media attention and became known as the [[Mutsutori]] suicides. A follow up report was done the following year on the anniversary of the event, which still found excessive hours and other problems that persisted, despite QSI's promise to reform factory practices. The [[Mutsutori]] facility was once again the subject of review, as journalists gained access to the working conditions inside through recruitment as employees. While the journalists maintained that the experiences of its reporters showed that labor violations were continuing since 2010, Quicksilver publicly disagreed with the report and stated: "We are aware of no other company doing as much as Quicksilver Industries to ensure fair and safe working conditions". | ||
In the period following these exposures, QSI has continued to receive criticism for its labor rights record. | In the period following these exposures, QSI has continued to receive criticism for its labor rights record. | ||
====Tax practices==== | ====Tax practices==== | ||
Quicksilver Industries is known for employing a variety of accounting technique and methods to reduce its taxes by routing profits through subsidiaries over the world. Such strategies help QSI keep its international taxes to single digits over the last decade, according to the company's corporate filings. Quicksilver holds tens of billions of dollars in profits in international subsidiaries to pay little or no taxes to any government by using an unusual global tax structure. | Quicksilver Industries is known for employing a variety of accounting technique and methods to reduce its taxes by routing profits through subsidiaries over the world. Such strategies help QSI keep its international taxes to single digits over the last decade, according to the company's corporate filings. Quicksilver holds tens of billions of dollars in profits in international subsidiaries to pay little or no taxes to any government by using an unusual global tax structure. | ||