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Thursday, April 27, 2017

Finance

ScoMo tells the truth about real estate, gets the sin bin

On Monday, Treasurer Scott Morrison told the truth. On Friday he was gone, gone as the government's chief spokesman for the economy that is,...

The Lucky Country: how inheritance and the property boom sharpened inequality – report

Inequality is on the rise, perpetuated by government policies such as negative gearing, where ordinary taxpayers subsidise property investors, and the decade-long failure to...

Hotel Macquarie: you can check out any time you like but you can never...

It is not hard to harbour a sneaking admiration for Macquarie Bank and its relentless ingenuity in finding new ways to make money. "People are our...

Banks in denial about cash scam

The inquiry into the banks, the Clayton's Royal Commission if you like, kicked off today with NAB boss Andrew Thorburn giving evidence. The committee would...

How Goldman Sachs and Australia’s biggest brewer SAB pay no tax

Nowhere is the impotence of politicians and regulators more costly than in their failure to stand up to multinational corporations dodging tax. The poachers are...

Splendid! Let’s lock an entire generation of Australians out of the property market

As the government dithers over money laundering policy, policy which would keep a lid on Chinese buyers whipping up a frenzy in city property...

Cash lurk: banks skim millions from customers, again

Australia's banks are a generous lot. They give hundreds of millions of dollars in gifts every year. Spurning traditional notions of philanthropy however, the...

Where’s Woolley? Star witness for the Crown is hard to find

So intrigued were we at what the judge described as the "implosion" of the expert witness for the Australian Securities & Investments Commission that...

Investigation: social welfare cheats targeted while corporate welfare elite runs amok

Story by Geordie Wilson and Michael West AS the storm over social welfare rumbles on with Centrelink and its breathtaking debt recovery bungle, it is...

Mars Barred: another US giant skewers small business

American food and confectionary giant, Mars, has made an art-form of stiffing its suppliers by trying to stitch them up with trade finance if...

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