The moral of this story is nobody reads the fine print, nobody. Even the person who wrote the fine print probably doesn’t read the fine print, except to check the spelling, and only on instructions from client to lawyer: “We pay you well, just make that fine print is tight”. Yesterday, we established that if you signed up for Bunnings store-card you had agreed to a charge over all your land now and forever. https://www.michaelwest.com.au/bunnings-lowest-acts-are-just-the-beginning/ In the reasonable belief that it was unlikely that Bunnings, a business which sold watering-can nozzles, would have a clause in its store-card contract...Read More
Author: Michael West
Today we unveil a potent thesis on multinational tax avoidance by Michael Hibbins, formerly an executive of a global oil major operating in Australia. Tax avoidance, says Hibbins, is rife. Multinational directors and executives, along with regulators and the Big Four accounting firms are in denial. Multinationals in Australia – the household names we know so well – no longer operate as “body corporates” in the traditional sense and according to the intention of corporations and tax laws. They are virtual puppets which dance to the jig of their foreign overlords. Executive pay in these satellite “branches” is no...Read More
Australia is perilously close to slipping behind Bangladesh and Cambodia as the most costly place in the world to access corporate information. Already, in this vital area of public policy, we trail the likes of war-torn Libya, Cameroon, Colombia, Ethiopia and Bolivia. Globally, this nation ranks as the cellar-dweller of public policy on data access. An investigation by michaelwest.com.au found charges to access company information in Australia are probably the highest in the world, and they are destined to run even higher if the government presses ahead with its plan to sell the public database to a private operator....Read More
The countdown is on.
Who will be ranked as Australia’s biggest tax dodger?
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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.