Tag Archives: Michael-West

JOHN MENADUE. A rigged gas market and market failure.

Yesterday, the government announced that it would impose an Australian Domestic Gas Security Mechanism on gas exports from July this year.  This will give the government authority to limit companies’ gas exports if they are emptying Australian gas reserves to … Continue reading

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MICHAEL WEST. Gas crisis? Or glut? Why Japan pays less for Australian LNG than Australians do.

It is bizarre that gas customers in Japan buy Australian gas more cheaply than Australians. Some of this gas is drilled in the Bass Strait, piped to Queensland, turned into liquid and shipped 6,700 kilometres to Japan … but the … Continue reading

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MICHAEL WEST. Australia’s march to corporatocracy.

Confounding the familiar government narrative of reckless spending binges by Labor, the Coalition actually has the record of greater profligacy when it comes to showering billions of dollars of taxpayers’ money on external consultants.  

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Royal Commissions for some.

The Abbott government established a Royal Commission to harass trade unions and in the process to damage the ALP. But what we are hearing in this Royal Commission is really small beer by some union hacks. It is small scale … Continue reading

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Focus on tax avoidance, not GST hike.

Michael West, in the SMH continues his many articles on tax avoidance by major international companies who operate in Australia. He mentions many of them, including Big Pharma, Google, Paypal, Newscorp. He comments ‘How long can [these companies] continue to … Continue reading

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John Menadue. Tax dodging may be legal, but is it fair and ethical.

Senior executives of companies like Google, Microsoft and Apple have all admitted to the Senate in the last week that they have avoided billions of dollars of Australian tax by a range of devices such as transfer pricing and earnings … Continue reading

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A taxing tale of two peak bodies.

  In the SMH on 2 January, Michael West drew attention to the ways that two BCAs were treated differently. The Blind Citizens Australia (BCA) learned that it had been subject to federal government funding cuts. Another BCA, the Business … Continue reading

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Glencore buying Rio Tinto could burn hole in Hockey’s pocket.

In the SMH on December 20, 2014, Michael West draws attention to Glencore’s checkered history on paying tax and the consequences for Joe Hockey’s budget if Glencore acquired Rio Tinto. Michael West said that ‘billions of dollars in tax payments … Continue reading

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Lifters and leaners in tax.

In the SMH today (27 November 2014), Michael West has a very interesting story about the leaners and lifters in the business community and the unfairness of tax avoidance by some companies. It clearly works to the disadvantage of many … Continue reading

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The rich are inheriting the earth … our earth

The last budget kept our Overseas Development Assistance (ODA) unchanged at a nominal amount of $5.03 billion. In real terms that was a cut of 2.25% or over $100 million.  Julie Bishop told us that it was a contribution that … Continue reading

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Joe Hockey’s lifters

At a speech on June 11, a few days ago, Joe Hockey said that Australia should be rewarding ‘lifters and not leaners’. Presumably Glencore/Xstrata, Australia’s largest coal company, would be an ideal example of a heavy lifter, not like those … Continue reading

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John Menadue. AMP excess and dud products.

I have posted several blogs on how powerful insiders bend governments to their will. Just think of the power of the polluter lobby, the mining lobby, the health lobby, the gambling lobby and the hotel lobby. But the superannuation lobby … Continue reading

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John Menadue. The Carbon Tax and Flat-Earthers.

Despite all the political rhetoric and hysteria, the evidence is mounting almost daily that the carbon tax is largely working as planned and that its impact on electricity prices is quite small, particularly compared with the ‘network costs’, the poles … Continue reading

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