Articles sur Dark Money

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The Netherlands is where nearly $1 billion from Australia was sunk into two companies liquidated three years later. Alex de Haas/flickr

Bottom of the canal: Pfizer’s billion-dollar tax ploy

Pharmaceutical giant Pfizer has engaged in a series of paper transactions to create a A$936 million loss in Australia – effectively a billion-dollar exercise in avoiding tax.
New Zealand shows up Australia as badly in the field of pharmaceuticals as it does on the rugby field. Dave Hunt/AAP

New Zealand steamrolls Australia on the pharmaceutical paddock too

Drug prices in Australia are three times higher than in New Zealand. A key reason is the lack of transparency about taxpayer subsidies for Big Pharma and the companies' own finances.
Despite global outrage at the cost of its Hepatitis C cure, Gilead reaps huge profits – aided by Australian taxpayer subsidies. Nick St Charles/flickr

Gilead and the billion-dollar odyssey

How much can a multinational take before its social licence to operate in this country expires? How much corporate welfare is too much?
The Senate Inquiry into Corporate Tax Avoidance has helped expose just how much work remains to be done on the multinational tax front. Julian Smith/AAP

Rumours of the death of multinational tax avoidance are greatly exaggerated

The Australian government took out ads this month boasting of victory in the fight against multinational tax avoidance. It is no small irony that taxpayers forked out for this bald-faced lie.
NSW Business Chamber chief executive Stephen Cartwright (pictured right with Malcolm Turnbull) says the chamber is ‘fiercely non-political’. Dan Himbrechts/AAP

No flies on Australia’s richest union

The NSW Business Chamber insists that arguing against entitlements for low-paid workers and victims of domestic violence qualifies as a charitable exercise.
Wotif is one of a slew of formerly competitive rivals bought up by Expedia. Dan Peled/AAP

Tax take shrinks as online accommodation agents rake it in

Australian authorities have allowed predatory online travel agents to shrink their tax base while penalising Australian accommodation operators thanks to onerous commissions and vanishing competition
Gautam Adani’s company is in line to get an extraordinary helping hand from Malcolm Turnbull’s government to develop the Carmichael coal mine. Mick Tsikas/AAP

Report: government won’t rule out underwriting Adani’s Carmichael coal mine

If the government were to provide loan insurance or loan guarantees, the banks might be more inclined to fund Adani. Taxpayers would then be at risk for the estimated $10 billion in project finance.
Senior ATO officials, including Commissioner of Taxation Chris Jordan, have given evidence to the inquiry. It has heard that completely transferable tax credits mean oil and gas companies won’t pay tax for many years. Mick Tsikas/AAP

Senate inquiry told zero tax or royalties paid on Australia’s biggest new gas projects

The Senate Inquiry into Corporate Tax Avoidance has heard stunning evidence about the failure of the tax and royalties system to capture any of the billions being generated by new projects.
Tech billionaire Sean Parker and his wife Alexandra Lenas Parker are among today’s youngest and most ambitious donors. Rich Fury/Invision/AP Photo

Should the giving styles of the rich and famous alarm us all?

In 'The Givers,' author David Callahan warns that today's mega-rich philanthropists wield too much political clout. He may be exaggerating their power and lowballing the public's own strength.
Businesses lower down in the supply chain are waiting months for payment, but Coles has moved to pay 1,000 suppliers within 14 days. Julian Smith/AAP

Late payments: the policy no-brainer for business

Putting a stop to powerful corporations exploiting their powerless suppliers would not only deliver small-business votes but would speed up the entire economy.
It seems even Macquarie’s own ex-bankers feel the sting of an ‘investment advice’ fees trail. Joel Carrett/AAP

Hidden fees and the lowdown on Macquarie’s latest way to make money

For those who might wish to check if they are being swatted unwittingly with undisclosed or barely disclosed fees on their investments, there appears to be one solid approach to take: ring up and ask.
It’s quite a feat to sell beer to a nation of drinkers like Australia and not record a taxable income. Bala Sivakumar/flickr

Multinational tax dodgers are the real leaners

Nowhere is the impotence of politicians and regulators more costly than in their failure to stand up to multinational corporations dodging tax.
Are the foxes in charge of the henhouse? MomentsForZen/flickr

Australia’s march towards corporatocracy

Confounding the familiar government narrative of reckless spending binges by Labor, the Coalition actually has the record of greater profligacy when it comes to showering billions of dollars of taxpayers…

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