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There is one way to put a stop to BHP’s tax avoidance

POLITICS
John Mangan, The University of Queensland One of the most common ways multinationals take advantage of current laws to reduce their tax bill is through what’s known as transfer pricing. Former Treasurer Wayne Swan last week accused mining giant BHP of “aggressive transfer pricing,” denying the Australian government A$5.7 billion...
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Forcing insurers to reveal rejected claims a win for consumers

POLITICS
Forcing insurers to reveal rejected claims a win for consumers Justin Malbon, Monash UniversityCompanies offering life insurance will now disclose the outcomes of claims, under a new reporting regime in a bid to increase transparency in the industry. This information won’t only be used by individual customers but also by...
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New South Wales overturns greyhound ban: a win for the industry, but a massive loss for the dogs

POLITICS
  New South Wales overturns greyhound ban: a win for the industry, but a massive loss for the dogs Clive Phillips, The University of Queensland The New South Wales government’s U-turn on its greyhound industry ban says as much about the weak calibre of some politicians holding high office as it does...
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New VET Student Loans unlikely to weed out dodgy private providers

POLITICS
New VET Student Loans unlikely to weed out dodgy private providers Mary Leahy, University of Melbourne and Shelley Gillis, University of Melbourne Education Minister Simon Birmingham argues that the new VET Student Loans program – which will replace the flawed and highly controversial VET FEE-HELP scheme – will “restore credibility” and...
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The US used foreign investment to develop a new car industry, a lesson Australia hasn’t learned

POLITICS
Timothy Minchin, La Trobe University In Australia, car makers have come to be seen by many as more of a cost than a benefit, a failing industry that was too reliant on government handouts. But in the United States, many state governments have attracted foreign investment that has provided ongoing...
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Banks make millions in delaying interest rate cuts

POLITICS
Abbas Valadkhani, Swinburne University of TechnologyWhen Australia’s central bank moves interest rates as part of its monetary policy, it’s not just politicians who stand to lose if banks don’t follow suit. Retail lending markets form an integral part of the monetary policy transmission mechanism. If interest rate rises are passed...
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We need to change more than pay for executives to do better

POLITICS
Natalia Nikolova, University of Technology Sydney; Robyn Johns, University of Technology Sydney, and Walter Jarvis, EdD, University of Technology Sydney The pay of executives of a company, whether in salary, bonuses or other types of remuneration, is usually justified as an incentive to improve the financial performance of a company....
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A history of failed reform: why Australia needs a banking royal commission

POLITICS
Thomas Clarke, University of Technology SydneyThe move for an inquiry into how banks treat small business customers should not overshadow the ongoing call for a broader royal commission on banks. Several financial inquries (outlined below) have failed to tackle the growing concentration in the Australian finance sector, or the need...
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Sam Dastyari: Riding the red dragon express not a good look

PHOTOGRAPHY
The federal parliament is the most important in Australia. It's also more open to corruption than any State parliament. Icac recommends criminal charges against Joe Tripodi and Chris Hartcher The NSW Labor senator Sam Dastyari won a lot of attention this week with the news that he'd asked a Chinese company...
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Better regulation of all political finance would help control foreign donations

POLITICS
Better regulation of all political finance would help control foreign donations Joo-Cheong Tham, University of Melbourne There is growing controversy surrounding foreign political donations in Australia. Contributions made by Chinese companies to the major parties have received the most attention, recently through reports of donations made by the Yuhu Group and...
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