Banking with the Swiss Gigolos
A German Court has just jailed the Swiss Gigolo for 6 years. SG charmed and bedded rich women then blackmailed them. He made millions. The Court jailed SG for a lenient 6 years. It could have reduced...
View ArticleTax havens – alive and well
As my first foray into this blogging caper I thought I’d reprint a letter John had published in the Canberra Times on Friday about tax havens and bank secrecy. It is a response to an article in The...
View ArticlePrivate equity funds and the pillage of Australia
Private equity funds are the bottom feeders of capital. They buy up what they judge to be undervalued companies, take a chainsaw to jobs and costs to increase the seeming value of the company in the...
View ArticleTax rent seekers at it again
Some of may have been following what I wrote about the the private equity fund Texas Pacific Group. See for example Private equity funds and the pillage of Australia. TPG made $1.5 billion profit on...
View ArticleTax terrorism: re-thinking Wickenby
Tax terrorists are a greater threat to Australian society than individuals wanting to blow up public buildings and kill tens of people. Tax terrorists deny the Australian community billions upon...
View ArticlePaul Hogan’s tax case to continue?
Paul Hogan is very wealthy. He has the wherewithal to and has challenged every step of the 5 year Australian Crime Commission Operation Wickenby criminal investigation into his tax activities. Last...
View ArticleCubbie Station, xenophobia and tax
I have no truck with Senator Barnaby Joyce’s foreign ownership xenophobia and populism. The idea that little Aussie battler and $2 a day woman Gina Rinehart would be a better owner of Cubbie Station...
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Capitalism is the cause of inequality
The true extent of the wealth hoarded by the richest 1 percent has been severely underestimated writes Emma Norton in Socialist Alternative. New research completed by the Tax Justice Network in...
View ArticleTax havens and the Henry Tax Review: Fair and unfair tax competition
These are notes for a talk I gave to postdoctoral law students (of which I am sort of one). There are a couple of key ideas I use. I have in mind a model of the band of hostile brothers – I’d use...
View ArticleHow much tax does big business in Australia pay?
The UK Parliament’s Public Affairs Committee has found that companies like Starbucks, Google and Amazon pay no or little tax in the UK and they haven’t for years. Starbucks for example, despite being...
View ArticleTax secrecy and the mining tax
The Government has received advice that releasing details of the amount the MRRT has raised in the first two quarters since it began operations on 1 July 2012 infringes section 355-25 of the Tax...
View ArticleThe Northern Territory as a tax haven
As a tax man I have been thinking about Kevin Rudd’s idea to cut company tax in the Northern Territory to 20%. Let me tell you a story about profit shifting, or transfer pricing as it is known in tax...
View ArticleCompany tax avoidance in Australia: is it just one bad Apple?
The report by Neil Chenoweth in the Australian Financial Review about Apple shifting $9 billion of profit out of Australia makes for interesting reading. (Neil Chenoweth, ‘Apple’s $9bn profit shift‘...
View ArticleAustralian Tax Office to lose 3000 staff by October; what happens to revenue...
Over 900 staff have left the Australian Tax Office on voluntary redundancies. This is only the beginning. Another 400 will be gone by the end of August. An ATO spokeswoman has confirmed reports that...
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Vanuatu, climate change, tax avoidance and helping the country
Buildings in Vanuatu have been severely damaged by Tropical Cyclone Pam. Twenty eight are confirmed dead but that figure will increase markedly over time as help reaches outlying areas....
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Tax, Turnbull and the Cayman Islands again
Nicholas Stuart says in relation to Malcolm Turnbull’s Cayman Island investments that the PM certainly appears to comply with the tax rules. (‘Let’s hear what Labor has in mind with tax evasion’ The...
View ArticleMe in Independent Australia on Turnbull, tax and transparency
Me in Independent Australia on Turnbull, tax and transparency. PM Turnbull says he’s keen on transparency but shields the rich from transparency on tax, shrouds our gulags in secrecy about atrocities...
View ArticleMe in Independent Australia on Australian Prime Minister Malcolm Turnbull on...
Australian Prime Minister Malcolm Turnbull on transparency: Shielding the rich and shrouding gulags in secrecy PM Turnbull says he’s keen on transparency but shields the rich from transparency on tax,...
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The Panama Papers reveal the real face of capitalism, again
Underhand, sneaky, illegal, criminal, tax evading, tax avoiding, filthy rich parasites. These are just some of the epithets that come to mind when I read reports in the mainstream media about the...
View ArticleRelease your tax returns and other random thoughts on tax
If I were Bill Shorten I’d release my tax returns for the last few years and call on Turnbull to do the same. Malcolm Turnbull is an investor in tax havens and a former merchant banker. That must...
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