Video and Podcast – US journalist David Cay Johnston. A Sydney Ideas and Sydney Democracy Network event. The United States, like Australia and other countries with modern economies, gets played by multinational corporations who earn profits in their country, but siphon profits out as tax-deductible expenses – expenses companies pay to themselves. It is as if individuals could get a tax break by moving money from their right pocket to their left. These tax breaks are not based on real expenses, or economic reality, but on shams and faux calculations. They rest on nothing more substantial than moving symbols around on...Read More
Author: Sandi Keane
This article by Simon Tormey, University of Sydney is part of the Democracy Futures project, a joint global initiative between The Conversation and Sydney Democracy Network. The project aims to stimulate fresh thinking about the many challenges facing democracies in the 21st century. This piece is part of a series, After Populism, about the challenges populism poses for democracy. It comes from a talk at the Populism: What’s Next for Democracy? symposium hosted by the Institute for Governance & Policy Analysis at the University of Canberra in collaboration with Sydney Democracy Network. It is impossible to follow the news without catching reference to the rise of populism. A once little-used term that...Read More
Have the Big Four accounting firms – Deloitte, EY, KPMG and PwC – grown so big, so pervasive and been cut so much slack by world governments, that they now pose a risk to the world economy? One of their foremost critics – and a tax lawyer formerly of EY, PwC and Arthur Anderson – George Rozvany, unpacks the factors that could lead to another economic cataclysm. He talks solutions too … break them up and demand more transparency and accountability. Summarising the critical factors: Lack of transparency and self-discipline This poses a serious threat to the stability of the global...Read More
The preliminary report on energy prices released last week by the Australian Competition and Consumer Commission (ACCC) suggests that the consumer watchdog is concerned about almost every aspect of Australia’s electricity industry. It quotes customer groups who say electricity is the biggest issue in their surveys, and cites several case studies of outrageous price increases experienced by various customers. Bruce Mountain investigates what has been a lucrative little earner for the energy industry — useless infrastructure. THE REPORT is long on sympathy about the plight of Australia’s electricity users. But the true picture is even worse — in reality, the ACCC’s assessment of...Read More
Paul Budde, one of the world’s foremost telecommunications management and business consultants who was interviewed on ABC Four Corners ‘What’s wrong with the NBN’ this week, argues that replacing FttN with FttC (fibre to the curb) is the only sensible solution to the ongoing waste of taxpayers’ money even if this requires a delay or another one or two years. IT HAS taken four years for the government and the nbn company to finally admit what many people have been predicting since the very beginning of the change in NBN plans from FttH (fibre-to-the-home) to FttN (fibre-to-the-node). The prime minister now...Read More
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New Michael West Podcast
Created by PodcastOne, this 3 part series looks into how Australia has gone from one of the cheapest countries in the world for energy to one of the most expensive, and reveals just what has happened with our gas and electricity supply and why we are on the verge of an energy crisis.