Dark Money

Dark Money

Displaying 1 - 10 of 12 articles

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.
While Chevron is happy to have the prime minister visit its Australian projects, the company isn’t paying its fair share of tax. AAP

Chevron: a game-changer for multinational tax avoiders

The Australian Tax Office had a superb win against Chevron in the Federal Court last week, but there is something everyone is missing, something that will turn the art of tax avoidance on its head; a game-changer…
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.