Is the DAA back to its old tricks? After investigations here into food giants such as Nestle and Sanitarium financing the Dietitian’s Association of AustraliaRead More
Author: Michael West
13 May 2019 -- Michael West
This reporter had not been barred from attending a public meeting in two decades of journalism but it finally happened. Michael West reports on the sneaky push to exempt a Chinese-owned tax avoider from the National Gas RulesRead More
8 May 2019 -- Michael West
7 May 2019 -- Michael West
Caymans company, Eastern Australia Irrigation, made a 200 per cent return from Australian water and cotton farms. Michael West reports on the serious accounting issues and fishy water valuationsRead More
4 May 2019 -- Michael West
“Labor, Labor, Labor, Labor, Labor”. This is a direct quote from the epic interview of Barnaby Joyce by Patricia Karvelas on ABC Radio last week. As is, “Labor, Labor, Labor, Labor”. Michael West reports on the unfolding #Watergate saga.Read More
1 May 2019 -- Michael West
Tony Abbott has come under pressure from Warringah independent, Zali Steggall, over the...Read More
29 Apr 2019 -- Michael West
Which corporations make the best contribution to Australia’s tax base, per dollar earned? Who tips in most for our defence and health, our roads and bridges?Read More
21 Apr 2019 -- Michael West
It is extraordinary that the profit from Barnaby Joyce’s record payment for Australian water rights, an $80 million payment of taxpayers’ money, found its way to a company in the Cayman Islands which had been set up by Angus Taylor, a company at which Taylor had been a director for six yearsRead More
18 Apr 2019 -- Michael West
Quod ego dico, non quod ego faciam. That should be KPMG’s motto. Do what I say, not what I do. It has a ring to it, but more importantly, it goes to the heart of the firm’s business model: quae abscondam – hide stuff.Read More
16 Apr 2019 -- Michael West
The Budget was never passed. Australia has no budget, but it has an election. And the money allocated last year starts to run out on July 1. It is the current Senate, not the new one, whatever that is, which needs to sit to fix thisRead More
9 Apr 2019 -- Michael West
Investors were furious to find their high-tech battery lab in Thailand was stocked, not with high-tech batteries, but with old ice cream machines. Surely the corporate regulators would fire up now at this, yet another deceptionRead More
5 Apr 2019 -- Michael West
It seems nobody has picked up the “fake cash splash” angle on Tuesday’s Budget, that is, Treasurer Josh Frydenberg’s trick of including last year’s tax relief to fatten this year’s numbers.Read More
3 Apr 2019 -- Michael West
“Back in Black”! Fawningly, the Australian newspaper cut and pasted the Liberal Party press release. The Fin Review ran its predictable “Cash Splash” narrative. Nine Network’s Sydney Morning Herald splashed “$20 billion tax cutsRead More
2 Apr 2019 -- Michael West
John: Shares are riskier than Australian bank interest, right? Peter: Correct. John: It looks to me that the riskier investment gets the government support.Read More
1 Apr 2019 -- Michael West
The price of a solar module has crashed 90 per cent since 2010. That was the year when Adani bought into its Galilee Basin coal project but it is now demanding compensation from Australian taxpayersRead More
29 Mar 2019 -- Michael West
The Government has been working its small business base hard. As they say; “small business votes”, and the changes are already in force, keeping them out of the Budget limelight.Read More
26 Mar 2019 -- Michael West
The Big Four, the relentless architects of global tax avoidance, have returned to the insolvency business, despite selling out of it 15 years ago because of overweening conflicts of interests.Read More
24 Mar 2019 -- Michael West
“Thanks for your enquiry. Australian Unity declines to comment to (sic) your enquiry or respond to the report you refer to (sic)”.Read More
21 Mar 2019 -- Michael West
Talking Top40 Tax Dodgers, Exxon EnergyAustralia and the Healthscope Hospitals to tax havens transaction with Wendy Harmer and Robbie Buck on ABC 702.Read More
21 Mar 2019 -- Michael West
Julian Burnside has locked horns with Treasurer Josh Frydenberg over Liberal Party donations and the Treasurer approving the sale of 43 Australian hospitals, subsidised by taxpayers, to a company in the Cayman Islands tax haven.Read More
19 Mar 2019 -- Michael West
John: So, where do franking credits come from?
Peter: The ATO, that’s where franking credits are born … think about franking credits like a gift voucher.
18 Mar 2019 -- Michael West
The explosion in government spending which suddenly ramped up last May will leave the incoming government buried in debt but worse, it will leave whoever wins the impending federal election tied to billions of dollars in spending commitments which never went to tender.Read More
“Blooms of mould and lead paint … infestations of snakes and cockroaches and dangerously faulty window screens”.
Lendlease has come under fire in the US
Virgin Australia founder Sir Richard Branson actually resides in a tax haven. He even has his own island, Necker Island, in the infamous archipelago of tax secrecy, the British Virgin Islands.Read More
The Kitchen Table: Penny the pensioner pays the kids’ private school fees with her franking credits pension
12 Mar 2019 -- Michael West
Brenda: So the government would give me $6,478 if I stopped working and owned shares instead.
Peter: Seeing that the dole is $14,305, you’d nearly be getting half the dole, Mum.
8 Mar 2019 -- Michael West
John: Didn’t Kelly O’Dwyer put some sort of limit on how much you could end up with in your super fund?
Peter: Yes. She capped it at $1.6 million. From 1 July 2017.
John: $1.6 million? How many years is that going to take if you’re only allowed to put in $25,000 a year?
Peter: Sixty-four years Dad.Read More
4 Mar 2019 -- Michael West
I don’t know of any Australian election since the democratic reforms of the late nineteenth century, that was so directly, so openly, so brazenly influenced by large corporate interestsRead More
27 Feb 2019 -- Michael West
The world’s largest exchanges group, the Chicago Mercantile Exchange (CME), is poised to begin operating in Australia’s financial markets via a deal with emerging futures exchange FEX Global.Read More
27 Feb 2019 -- Michael West
Premier Gladys Berejiklian cut the ribbon at the Northern Beaches Hospital on a Monday afternoon last November. Hours later, the hospital’s anaesthetists were demanding the private operator Healthscope fix staff shortages, equipment shortages, drug shortages.Read More
20 Feb 2019 -- Michael West
Barack Obama once described it as “either this is the largest building in the world or the largest tax scam in the world”. That was in 2009. The building was Ugland House in George Town on the Caribbean island of Gran Cayman.Read More
15 Feb 2019 -- Michael West
John: Our paymaster says we’ve got to get onto the “John Howard offset”. That’s the one that really pays out.
Peter: It’s the big one … it’s not like all the other offsets, this one is the only one you might be able to get in cash.
21 Jan 2019 -- Michael West
Is yet another suite of essential Australian assets headed off to a tax haven? Michael West reports on the takeover of private hospital operator Healthscope and its Caribbean-connected suitors.Read More
19 Jan 2019 -- Michael West
They were tripping over it, diving through it, springing in the air above it to make spectacular catches; the bet365 ad that is, the ad which doubled as a boundary rope at the Test Cricket this year.Read More
17 Jan 2019 -- Michael West
An OECD claim that Australia has the world’s third highest effective marginal corporate tax rate made a great headline and pleased the federal government no end. Too bad it is seriously flawedRead More
Top 40 Tax Dodgers for 2019
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The Kitchen Table Series
A series of articles covering Franking Credits