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News February 01, 2020
Top miners pay no tax
New analysis of ATO data has found that many of Australia’s top fossil fuel companies paid little to no income tax in the past five years.
News May 25, 2019
Surge in Coalition outsourcing
As major companies express their delight at Scott Morrison’s re-election, figures show untendered contracts have surged since the Coalition first took office in 2013, with $50 billion awarded in the two months before the election.
News November 30, 2019
Westpac: Austrac fallout spreads
While court documents filed by the financial regulator outline serious allegations of security mismanagement at the bank, the sector braces for further scrutiny.
News December 01, 2018
Bank penalties disguised as charitable donations
As the banking royal commission’s hearings conclude, it can be revealed the banks have made $88 million in tax-deductable donations to avoid major penalties.
News April 21, 2018
Banks royal commission won’t change culture
While banks at the royal commission admit to misleading conduct and corruption – permitted by a compliant regulator – they are protected by government as too big to fail.
Opinion May 13, 2017
Multinationals’ brazen tax avoidance
“American Express is the archetypal multinational tax avoider. It conducts ‘related party transactions’ with other Amex entities in a tax haven. Via these transactions, profits are siphoned offshore before tax can be paid. It produces very low profits, …”
News August 13, 2016
Who audits the Big Four auditors?
While some thought the suspension of PricewaterhouseCoopers’ audit of the Vatican a blow for church transparency, it is the Big Four accounting firms themselves that remain hypocritically inscrutable.