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Tuesday, May 30, 2017

Energy

How Amex paid no tax in nine years on $10 billion

American Express has paid no net tax in Australia for nine years, according to its latest financial statements. That is zero tax on $10...
Chris Jordan from the ATO at senate enquiry

Monster gas projects may pay no tax and royalties on $33B a year

This week’s budget papers show the government spending A$33 billion on education this year, nearly the same amount that Australia’s five new offshore gas...

Shell: tax ripped out as in-house deals double

The latest financial statements from oil and gas giant Shell show just one tax haven connection. The appendix to a Shell submission to the...

Behind the intervention in gas: desperation

For the government to intervene in the gas market - in the face of bitter resistance from one of the most powerful lobbies in...

Game-changer for oil giants and multinational tax avoiders

It was a superb win for the the Australian Tax Office against Chevron in the Federal Court last week but there is something everyone...

Hornswoggler Chevron hit by historic court case

Chevron's top brass touched down in Australia last September in a fleet of five private jets, here to visit their gargantuan Gorgon and Wheatstone...

Coal glut, cheaper renewables, Adani makes no sense at all

As public angst over the prospective A$1 billion subsidy to coal magnate Guatam Adani hits fever pitch, a small company is modestly beavering away...

Reactorvated: new nuke push ramps up

The global giants of nuclear power are in disarray. As Westinghouse Electric, Toshiba, AREVA struggle in the wake of the Fukushima disaster, a new...

Exxon pays no tax, record dividends, as gas prices soar

Oil and gas leviathan Exxon Mobil has managed to pay zero tax in Australia for two years, despite making $18 billion in sales. Exxon is...

Gas crisis: a crisis of guile and greed

It is bizarre that gas customers in Japan buy Australian gas more cheaply than Australians. Some of this gas is drilled in the Bass...

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