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All it took was an unprotected email server, some automatically saved credit card information, and a cunning scammer for Victorian businessman Mike Daws to lose over $8000 while on a trip to the United States.
Westpac has been running an invisible banking system, invisible to regulators, where multinational company clients even had their on log-ons and could act like banks themselves
Bankrolling pedophiles, facilitating massive money-laundering schemes and terrorist-financing have branded Westpac, deservingly, an instant pariah of the banking world. As regulatory intelligence expert Nathan Lynch reveals here however, Westpac is unlikely to be alone. The story behind the story is industrial scale tax avoidance, the concealing of enormous cross-border payments
If Labor hoists the white flag and dumps its franking credits policy, it endorses a bizarre regime of cash hand-outs for wealthy share market investors. Michael West reports on the bank profit season, welfare for the wealthy and the winner from plunging bank payouts – Government
Three interest rate cuts have failed to lift the economy. As have the Government’s $1080 tax breaks. Printing money is now a serious option. Quantitative Easing they call it, or “QE”.
Quad Erat Demonstrandum
