Briefs and follow-up on stories previously published.
We are all much more likely to do the right thing when we know we are being watched. Our elected representatives are no different. And when they continue to not just get away with deceitful behaviour, but are rewarded for it, our democracy suffers. Transparency is the only solution.
Good morning, my name is Bond. As Deloitte’s team of administrators were about to finalise a deal to sell Virgin ...
There is a flaw in the Government’s small business bail-out package; it encourages employers to discard the lowest paid workers and keep the more expensive ones.
“At stake are billions of taxpayer dollars, tens of millions of tonnes of greenhouse gas emissions and thousands of
We are all much more likely to do the right thing when we know we are being watched. Our elected representatives are no different. And when they continue to not just get away with deceitful behaviour, but are rewarded for it, our democracy suffers. Transparency is the only solution.
Good morning, my name is Bond. As Deloitte’s team of administrators were about to finalise a deal to sell Virgin ...
There is a flaw in the Government’s small business bail-out package; it encourages employers to discard the lowest paid workers and keep the more expensive ones.
“At stake are billions of taxpayer dollars, tens of millions of tonnes of greenhouse gas emissions and thousands of
Global response to the coronavirus is about to shift from containment to mitigation - that is, things are about to get worse before they get better. This means shortages. It means the public health response will change. It means falling financial markets.
Submission: Public Governance, Performance and Accountability Amendment (Tax Transparency in Procurement and ...
Like Qantas, Lendlease paid no tax for years while rewarding its executives with large bonuses and spending millions buying back its own shares. Michael West reports the latest on the company's "double-dipping" tax rort in retirement villages.
Last Thursday, the federal government responded to the recommendations of the Australian Competition and Consumer ...
Governments flogging essential services, particularly monopolies, to private operators has always been a "no-no" of the highest order, at least as far as this publication is concerned. Hence our coverage of the sale of hospitals to Brookfield in the Caymans and, more recently, the Government's decision to allow Brookfield to take over aged care operator Aveo.
The Johnson & Johnson company which was found to be negligent in today's historic court case over faulty pelvic implants, was exposed here for serial failures to comply with the Corporations Act.
The National Broadband Network is an unmitigated disaster not just for broadband delivery in Australia, but for how it has contributed to the devaluation of a whole industry sector.
As Nine Network was hosting a $10,000 a head fundraiser for the Liberal Party at its headquarters last night, Nine and News Corp newspapers were putting the finishing touches on their upbeat coverage of the Government's impending economic news.
The thuggish ClubsNSW, poker machine promoter extraordinaire and champion of NSW clubs' billion dollar pokies income, is given to whining about media coverage of the predatory clubs pokies culture. Yet this publication is yet to hear "boo".
This is the "MW30", a bunch of numbers to track key changes in Australian politics and economy.
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.
Coincidently, while we were busy chiding the state government yesterday for its mega-willy-nilly privatisation program, the NSW Auditor-General, Margaret Crawford, issued a report which was critical of the $16 billion sale of Ausgrid.
The Sydney Morning Herald has finally got rid of its news desk. No more copykids. The emails to staff went around today heralding more cuts. This from a Fairfax journalist today
LATEST ....(bringing you the low down on preference swaps):The Derryn Hinch Justice Party is on track to win up
If you a a child fleeing persecution, we'll lock you up on somebody else's island against your wishes and the advice of doctors, but if you have a thick wallet, hey we'll sell you a visa.
The Big Pharma corporations deny it, they have rejected the Oxfam allegations, but it's true; they are tax dodgers.
The 2018 Tax Report of LendLease is out. It confirms the construction juggernaut has effectively paid no tax in Australia yet again, although it did pay income tax, again, overseas.
They've seen prices go through the roof in NSW. They've see a raft of data-breaches and cyber-crimes. Rod Sims is investigating. Customers are up in arms. Yet Victoria is on the verge of selling its land registry service and the banks and state shareholders are on the verge of floating their monopoly e-conveyancing service PEXA on the sharemarket.
A few quick points about the Nine deal to snaffle Fairfax: the biggest synergies will come from axing one layer of executive management and three-quarters of a board of directors.
Anybody keen for a tidy 15 per cent return on a loan? It's pretty safe because the company you are lending to books 67 per cent of its income ($224 million) from the Federal government. It's in nursing homes you see so it gets big taxpayer subsidies.
The Senate Economics References Committee held public hearings on July 2018 as part of its inquiry into the financial and tax practices of for-profit aged care providers. A central area of focus of the senators is the use of any tax avoidance or aggressive tax minimisation strategies utilised by participants.
There is a conflict of interest in corporations operating aged care facilities in Australia. This is the conflict between maximising financial returns for shareholders and maintaining decent levels of care for the elderly.
Unless it wants gas prices to shoot up, and Australia's monopoly pipeline operator to be controlled by a Hong Kong billionaire via the Cayman Islands who is not keen on paying tax, the government would be mad to give the green light to this $13 billion APA takeover.
Are electricity providers now getting kick-backs from Macquarie for providing leases on solar rooftop ...
While the standards-setter AASB continues its three year dither on disclosure, the Board of Taxation continues to ...
Booking.com and Expedia are two of the biggest multinational tax cheats about and their rapid growth and now market
Australia's defence has a powerful new weapon of strategic deterrence, the Australian Military Bank. No hostile foreign power could withstand the torture of spending hours on AMB's automatic voicemail system trying to get through to an operator. The invaders would be forced to head home again in sheer bewilderment and frustration.
When does the private benefit from public land become too much? In the case of Willoughby Council and the Talus ...
African gangs in Melbourne may be attracting the headlines but a greater threat to the Australian way of life lies ...
Still barely a squeak from the Big Four accounting firms about the world's biggest tax leak, the 13.4 million ...
US cereal giant Kellogg's paid zero tax on $444 million in revenues in Australia last year, according to the Tax ...
The Tax Office is chasing oil major Shell Australia in Switzerland, asking the government for documents related to ...
The Paradise Papers story broke on November 5. Despite the biggest document leak in history, the global media has ...
As gas prices have tripled in recent years, the oil and gas major ExxonMobil has managed to pay almost no corporate
The cost of producing solar power has, in short order, plunged 50 per cent. If governments, either state or ...
The elephant in the room remains dead still. It is standing in the middle of the room, dwarfing all other things ...
The Paradise Papers continue to dominate news in the offshore world, and have generated a mixed set of reactions, ...
Three years after his identity had been stolen and his private banking documents found on the side of the road, ...
The sale of Manhattan Island to the Dutch is fabled as the worse deal of all time; worse even than Adani inveigling
“Which #AuditorProud superhero are you?” asks Australia's peak chartered accounting body today.
“Are you an ...
It is the worse kept secret in the business world; that is the impending appointment of former Commonwealth Bank ...
Australia's status as a paradise for money launderers will be further entrenched in coming days as a Swiss ...
It finally came this week, just what we had expected, evidence of the Federal government's desperation to fund the ...
We are yet to hear boo from the banks' propaganda machines about the CBA's money-laundering crisis. Not a squeak so
Although more than one-third of Australia's entire trade is now with China, in many transactions, contacts are more
Most self-respecting money-launderers charge ten per cent. At CBA they charged $22 a trade, that is $22 for every ...
Terrorists and evil masterminds pursuing world domination are now on notice. They are required to inform paint-maker PPG Industries if their paint is to be used in rockets or chemical and biological weapons.
http://michaelwest.com.au/pfizers-billion-dollar-sham-audited-by-kpmg/
Pfizer and KPMG had ample time to
A Commonwealth Bank insider has rejected the bank's claims that a "software error" caused its systematic ...
http://michaelwest.com.au/pfizers-billion-dollar-sham-audited-by-kpmg/
Dear Pfizer,
Please go to the ...
It is not hard to pinpoint the time when customers became prey. For the energy sector that time was ...
Pharmaceutical giant, Johnson & Johnson, is unable to explain why it remains in breach of the Corporations ...
Tax lawyer, Tania Waterhouse, would not have been expecting an audience of 7,000 when she posted a three-line ...
What's the difference between an independent director and a shopping trolley? You can fill the shopping trolley ...
How can we safeguard the future of investigative journalism in Australia? MW's submission to the Senate Inquiry ...
At least journalists at The Australian called before they conducted their hatchet jobs the other day. Fairfax Media
Stories today and last Thursday in Rupert Murdoch's newspaper, The Australian, made a number of false imputations. ...
Never was a white elephant so white ... and elephantine.
Besides their empty cries that coal from Australia is ...
UPDATE
Airbnb was first approached for an interview about tax avoidance and its failure to produce financial ...
Small businesses under pressure because they have been strung out as far as 120 days by big business before being ...
This morning at 10am is the deadline for journalists at Fairfax Media to accept the latest redundancy offer and ...
Opening statement to the Senate Select Committee on the Future of Public Interest Journalism by Michael West, ...
It's a stinker alright. An essential government service and profitable monopoly has gone offshore. Privatised. Zero
Facebook sooled its lawyers onto Sydney entrepreneur, John Maconochie, after Maconochie tried to set up a business ...
How superb is the plan by the NSW government to privatise the state's land titles office in order to fund the ...
The Twitternutters are out in force blaming the Human Rights Commissioner for persecuting Bill Leak into the grave.
The inquiry into the banks, the Clayton's Royal Commission if you like, kicked off today with NAB boss Andrew ...
Some excellent response to the piece on Goldman Sachs and Australia's biggest brewer SABMiller skiving out of tax ...
ABC managing director Michelle Guthrie and SBS boss Michael Ebeid have refused to answer questions about their ...
APA Group isn't Google, it's not Facebook, Amazon or Microsoft either. It hasn't invented an industry-changing, ...
The kaleidoscopically colourful senator from WA, Rodney Culleton, just got a brand new creditor's petition for ...
Sanity has finally prevailed. The government has scrapped its sale of the corporate data-base.
Amid the madness ...
Their first blunder was to pull the pin on Maria's Farm Veggies without offering farm debt mediation, as the law ...
Terrifically entertaining as he is, One Nation senator Rod Culleton is unfit for parliament and is unlikely to ...
Finally! A move to address the bane of small business - not being paid on time by big business. A "Payment Times ...
Curiously, the Queensland government appears keener to get Adani's $10 billion thermal coal mine up and running ...
And they reckon Senator Bob Day is red hot. How about One Nation senator Rodney Culleton?
Rodney is due to front
Incredibly, Macquarie's investment bankers, Al Gore's investment fund and KordaMentha are denying that a farming ...
When it comes to paying its suppliers on time, the government is making large private enterprise look inefficient, ...
A class action lawsuit is coming against directors of Kagara, whose stock price cascaded from $2 billion in market ...
ANZ boss Shayne Elliott opted not to say, "We stuffed up, let's move on". This is his email to the bank's staff in ...
The moral of this story is nobody reads the fine print, nobody. Even the person who wrote the fine print probably ...
A Good Banking Story
Two executives from National Australia Bank drove from Melbourne to northern Victoria this ...
National Australia Bank has been charging an elderly blind farmer from rural Victoria 28 per cent interest rates on his mortgage.
Get Our Weekly Newsletter
Unsubscribe anytime.
Thank you! We'll also confirm via email.
Privacy Policy