This week, Congress is putting final touches on the CHIPS Act, which will provide more than $52 billion to companies that design and make semiconductor chips. The subsidy is demanded by the biggest chip makers as a condition for making more chips here.
Source: How To End Corporate Welfare | The Smirking Chimp
RoboDebt wasn’t as generous as the ATO
Pressure mounts to publicly name companies that received JobKeeper while turnover increased ATO will not pursue $180 million in JobKeeper payments to businesses that made ‘honest mistakes’ Questions were raised about the definition of ‘small and medium business’
Source: ATO will not recover $180 million in JobKeeper from businesses that made ‘honest mistakes’ when applying – ABC News
Australians overwhelmingly believe companies that have used the federal government’s $98 billion JobKeeper program to boost their profits should be made to repay the cash.
Source: Australia COVID: JobKeeper overpayments should be returned to taxpayers, voters say
Nothing says “we are the government for big business only” like doling out money for nothing to multinationals with one hand, while simultaneously clawing back cash from the impoverished with the other.
Source: Corporate welfare for the greedy — Robodebt 2.0 for the needy
Abolishing Australia’s carbon pricing mechanism in 2014 was a consequential failure of politics. The fine-tuning of the patchwork of policies that followed does not make up for it.
via Morrison government dangles new carrots for industry but fails to fix bigger climate policy problem
Corporate Fraud and Tax Cuts money for nothing and no ICAC support from the LNP (ODT)
The retail group that owns Rebel Sports, Supercheap Auto and Macpac has admitted to underpaying workers by almost $8 million after incorrectly calculating overtime pay and allowances.
via Rebel, Supercheap Auto owner says it underpaid workers by $8m
Donald Trump owes the bulk of his business success to government subsidies.
Source: Exposed: How Trump built his empire with nearly $900 million in government handouts