Finance

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Tax

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Lend Lease: double dipping and Dutch tripping

What Lendlease has been doing is buying villages, claiming a bonanza of deductions by changing the contracts from lease to loan arrangements, booking the benefit of those deductions to its bottom line, and ignoring the tax law that says you can’t double dip.

Energy

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Government

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Exempt: how Defence dodges the taxman

Foreign military contractors have been awarded a staggering $73 billion in contracts, apparently tax-free, because successive governments have struck contracts directly with offshore companies, even as far afield as the Atlantic tax haven of Bermuda.

Business

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Markets

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Recent Stories

How Australian media put Pravda in the shade

Hook, line and sinker. Mainstream media has swallowed the government’s latest PR stunt on tax as if it were the most unimpeachable of peer-reviewed scientific formulae. When it comes to rewriting political press releases, they’ve put Pravda in the shade.

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My Health Record: the doctor’s tale

If you’re the sort of person who’s never had a parking ticket and has a similarly unremarkable medical history then you can almost certainly ignore this. On the other hand, if you are one of the one in three of women who have had a termination of pregnancy in their lifetime, or last year you were among the one in five people who had a mental health issue, or among the 125,000 people treated for an alcohol or drug problem, you need to read this.

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Aged Care: corporate conflicts run deep

Eldercare profits are at record levels, numbers of trained nurses are down by a third, and the number of residents who need special care are up 50 per cent. The Senate Inquiry into the Financial and Tax Practices of For-Profit Aged-Care Providers kicks off tomorrow. Is the system broken? Are taxpayers getting value for money? In this opinion piece, Michael Wynne of Aged Care Crisis, an independent volunteer organisation which advocates for aged care residents, writes that cost-cutting and the pursuit of profits often come at the expense of care. As ageing demographics are exploding, the system needs an overhaul.

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Gas: importing exports will lead to more profiteering

Australia is destined to become the world’s biggest exporter of gas, writes analyst Bruce Robertson. Importing gas to solve the challenge of rampaging gas prices is ludicrous and only paves the way for the gas cartel to further profiteer at the expense of consumers. The answer is clear; a “domestic reservation policy” which earmarks Australian gas for Australia consumers. What is lacking is political will.

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