On Monday, 300 economists signed a letter urging world leaders to end tax havens, saying they only benefited rich individuals and multinational corporations, while boosting inequality. "The existence of tax havens does not add to overall global wealth or well-being;...
Summary of Donations reported by Donors to All parties - 2013-14 Column1 Column2 Column3 Gainsdale Pty Ltd #Sustainable Population Party $68,150.00 26 Summers Pty Ltd #Sustainable Population Party $53,000.00 Australia Chinese Business Elite Awards Pty Ltd ALP $260,000.00 Austar Group Melbourne Pty Ltd ALP $45,000.00 Chevron Australia Pty Ltd ALP $36,300.00 Pacific Equity Partners Pty Limited ALP $30,500.00 Insurance Council of...

China’s Ponzi Scheme – 900,000 people +

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Amost overnight, Ding Ning and Zhang Min struck it rich with the hot new thing in Chinese finance. In 18 short months, they transformed an old-line industrial company into an Internet phenomenon through the seeming magic of peer-to-peer lending.  It...
Vincent O'Donnell, RMIT University The “most significant media reform in Australia in a generation”, as unveiled by Communications Minister Mitch Fifield earlier this month, is no reform. It is a capitulation to the interests of licensees, shareholders and rent-seekers in...
Firstly, the good news. No, really! In the space of one election cycle superannuation tax concessions went from bi-partisan sacred cow, to bi-partisan race to reform. The Australia Institute has put out a stack of reports calling for an...

Ethics secondary in life insurance

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Benjamin Koh, SMH March 11, 2016 Ethics and insurance don’t go hand in hand The behaviour of Commonwealth Bank’s financial planning division was predicted several years prior in research by Dr June Smith from Victoria University. In the thesis on Professionalism...
Australia’s own version of the Panama papers is the Report of the Independent Parliamentary Entitlements System Review, February 2016. A secret alliance between Tony Abbott and Malcolm Turnbull to join forces to become the Gordon Gekko of Australian Politics?  The 2016...
Narelle Miragliotta, Monash University Late last year, federal Greens leader Richard Di Natale expressed his enthusiasm at the prospect of serving in a federal Labor-Green coalition government. This suggestion has, however, been firmly rejected in recent days by Labor leader...
Not convinced: Labor Senator and tax avoidance inquiry committee Chair Sam Dastyari says corporate tax cheats should be named and shamed by the tax office. The Senate Inquiry into corporate tax avoidance is due to hand down its final report...
MasterCard lowers its local tax bills through deals with Singapore's Government The wonderful thing about investigating multinational tax avoidance is that, despite the corporate spin and obfuscation, there is a hard number that you can always hang your hat on. No...