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POLITICS

Volkswagen’s U.S. diesel emissions settlement to cost $15 billion

BUSINESS
Volkswagen AG's (VOWG_p.DE) settlement with nearly 500,000 U.S. diesel owners and government regulators over polluting vehicles is valued at more than $15 billion cash, two sources briefed on the matter said on Monday. The settlement, to be announced on Tuesday in Washington, includes $10.033 billion to offer buybacks to owners...
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How 76 profitable companies left Australian taxpayers $5.6 billion out of pocket

POLITICS
The biggest multinational companies operating in Australia are paying half the 30 per cent corporate tax rate on average, according to a new report delivered just weeks out from a budget expected to target multinational tax dodging. These foreign multinationals are inflating their losses and shifting their profits to rob...
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These private companies pay less tax than we do – but reasons remain unclear

POLITICS
Roman Lanis, University of Technology Sydney and Ross McClure, University of Technology Sydney Information released this week by the Australian Taxation Office (ATO) on the amount of tax paid by some of Australia’s largest private companies raises questions about the fairness of individual income tax, avoidance of tax by large...
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McDonald’s Australia cut its tax bill by more than half in 2015 by routing payments via the low-tax nation of Singapore.

POLITICS
Fast food giant McDonald’s Australia cut its tax bill by more than half in 2015 by routing payments via the low-tax nation of Singapore. McDonald’s reduces its profit, and thus its local tax bill, by using a legal loophole that allows it to pay McDonald’s Asia Pacific based in Singapore,...
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Musk’s Solar Lifestyle Idea Has One Big Flaw

OPINION
Tesla’s explanation of its proposal to acquire Solar City, another Elon Musk project, offers a compelling vision: Get energy from the sun, use and store it in the home, charge your car with it. “The world’s only vertically integrated energy company offering end-to-end clean energy products to our customers”...
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The need for speed: there’s still time to fix Australia’s NBN

POLITICS
Mike Quigley, University of Technology Sydney A National Broadband Network (NBN) based on Fibre to the Premises (FTTP) was, and still is, the right answer for Australia’s broadband needs. Compared to the original FTTP-based NBN, we are currently on the way to a much poorer performing broadband network with a mix...
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Is there any hope for gambling reform in a new parliament?

POLITICS
Charles Livingstone, Monash University Since then-prime minister Julia Gillard appointed Peter Slipper to the speaker’s chair in 2011, the gambling lobby has appeared triumphant in defeating any substantial reform of gambling regulation. Slipper became speaker because Gillard was under enormous pressure to back down on her agreement with independent MP Andrew...
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Election 2016: Who’s Medicare’s friend? Examine bulk-billing

POLITICS
The key to examining whether one side or the other wants to destroy Medicare is the baked-in feature that makes it work: bulk-billing. The Coalition twice knocked it back in the Senate, forcing Whitlam to call a double dissolution. It's far more clever than is widely realised, far more than a...
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Is Medicare under threat? Making sense of the privatisation debate

POLITICS
Stephen Duckett, Grattan Institute Many Australians will go to the polls on July 2 believing the future of Medicare is at stake. In a sense it is – but not because of the government’s plans, now ditched under the heat of a campaign, to outsource IT functions. The greater threats to...
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Former NBN boss slams Coalition’s ‘colossal mistake’

POLITICS
FTTP 'was and still is the right answer'. Switching from a full-fibre NBN to the Coalition's multi-technology network has been "a colossal mistake", according to NBN Co founding CEO Mike Quigley. Addressing the University of Melbourne's Networked Society Institute last night and in his first public comments since leaving NBN Co in...
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