Most viewed recently
- China is not a threat to Australia
- Australia’s pro-Israel media fights facts and ends careers
- Why Australia’s strategic situation is far worse than we think (AFR 6.7.20)
- The Coalition is just following orders
- Moslem MP branded a terrorist. Is there a fair go?
- It’s time to strip ‘national security’ of its sacred cow status. Part 1
- A win’s a win in Eden-Monaro
- Lies and distortions about western policies in Asia: The Sino-Indian frontier dispute. Part 1 of 2
- PETER GOERS. With China, many Aussies are absolute hypocrites (Sunday Mail 31.5.20)
- The Australian Government regards China as a strategic competitor, a revisionist power, and one that must be resisted.
Author Archives: Michael West
Do the grandchildren really pay the debt? The problem with Scott Morrison’s plan for recovery, and MMT
Michael West investigates Modern Monetary Theory (MMT) and the false assumption that the national Budget is like the household budget, or a business. They are already creating new money while denying the proposition that creating new money will expand the … Continue reading
MICHAEL WEST. The Virgin Brides: fate of airline on a knife-edge as bids lob and cash runs dry (MWM 19.5.20)
The government has tossed $130 billion at business, the corporate largesse is dripping all over the big end of town. Even highly profitable $8 billion property developers such as Mirvac are rolling in the free money, yet when it comes to Virgin … Continue reading
Virgin Australia is pleading for a bail-out twice what its shares a worth. Its wealthy foreign shareholders can afford to pay. They’ve scampered. What is the answer?
MICHAEL WEST. Too Big To Fail: Qantas, the corporate elite and the coronavirus (michaelwest.com.au 17.03.2020)
Alan Joyce is a canny operator. As the ravages of the coronavirus began to hit the airline hard, the Qantas boss announced he would take no salary for the rest of the year; no salary for the rest of the … Continue reading
Community attitudes have changed. But what has not changed, and what must change, is the secrecy around the corporate affairs of Australia’s wealthiest old family business empires.
MICHAEL WEST.-Who Pays: should ordinary taxpayers foot the bill for bushfires or the fossil fuel giants who pay no tax?
Five of Australia’s top coal companies – Peabody, Yancoal Sumitomo, Citic and Whitehaven – racked up $54 billion in total income over the past five years and paid zero income tax in Australia, according to Tax Office corporate tax data. … Continue reading
MICHAEL WEST. The Ultimate Gouge: why Australia, the world’s #1 exporter, now imports gas (Michael West)
What an outrage it is that the Northern Territory doesn’t lift its grape production, instead of importing wine from South Australia! And what about those lazy Tasmanians; rather than growing their own mangoes and pineapples they import them from Queensland! … Continue reading
“Is it possible to amend the rules to stop giving (government) work to tax haven connections?” MP Julian Hill posing a question to public service chiefs at a parliamentary hearing into the cost of government. This post by Michael West … Continue reading
Tony Abbott has come under pressure from Warringah independent, Zali Steggall, over the Government’s decision to approve the sale of the new Northern Beaches Hospital, and 42 other Australian hospitals, to an obscure company in the Cayman Islands.
MICHAEL WEST, JEFFREY KNAPP. Conflicts of Interest”R”Us: KPMG pursues PwC back into insolvency (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 interest. When it became known last year that the bosses of … Continue reading
The Big Four global accounting firms have banked $3.1 billion in taxpayer income in the past six years for government consulting. That’s three thousand one hundred million dollars in government revenue to just four firms – PwC, EY, KPMG and … Continue reading
Gary van Duinen took his own life after a thirteen-hour binge on the pokies two months ago. His body was found by a walking trail near Narrabeen lagoon. The tragic death of the 45-year old husband and father has cranked … Continue reading
Foreign military contractors have been awarded a staggering $73 billion in contracts, apparently tax-free, because successive governments have struck contracts directly with offshore companies, even as far afield as the Atlantic tax haven of Bermuda.
The banks will fight it tooth and nail. Australia Post is considering becoming a bank, a move which could deliver significant competition to the country’s banking oligopoly through lower fees and lower-cost mortgages.
There it was right on cue, at the cusp of the New Year weekend, a government press release about the cost of welfare bludgers trumpeted loudly across the press and the TV news bulletins.
The usual culprits are at play. Zero tax on $2.9 billion in revenue from Rupert Murdoch’s News Australia Holdings, not a zack from Wall Street’s cuff-linked freebooters Goldman Sachs for the third year on the trot, same deal for brewing … Continue reading
There is no peak body or rent seeker in the country which conducts its business as belligerently, and its proponents would say as successfully, as the Minerals Council of Australia (MCA). In 2010 it ousted a Prime Minister.
This is part in a series of investigations by Michael West into Australia’s most powerful business lobby groups and rent seekers. To begin, we have selected the Business Council of Australia, the most elite and influential peak body of them … Continue reading
Why, if Adani’s gigantic Carmichael coal project is so on-the-nose for the banks and so environmentally destructive, are the federal and Queensland governments so avid in their support of it? Adani employs the lobbying firm Next Level Strategic Services.. The … Continue reading
MICHAEL WEST. Tax base eroded by backdoor deregulation of Australia’s labour market and jump in foreign contract workers
The biggest failure of public administration since the formation of the Commonwealth of Australia in 1900. – Australian Tax Office insider The result of having the wrong system where taxes are too high and a labour market which is over-regulated. … Continue reading
Peering at the local accounts of Rupert Murdoch’s News Corp and Goldman Sachs … is the government’s claim to have sorted multinational tax avoidance correct? As they gaze down from their glass eyries, partners of the Big Four accounting firms … Continue reading
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
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.