The Australian public has bought a big-long gas pipeline from foreign tax cheats – but there’s no gas. It’s a white elephant! Jemena and sleepy regulators AEMC are the culprits. Energy consumers and taxpayers the victims.
Tag: Scammed
Woohoo! Two of the biggest tax cheats, ExxonMobil and Chevron (auditors for both are PwC) have finally begun to pay a mite of income tax in Australia but they also ripped out more than $13bn in dividends and returns of capital last year. Michael West reports their latest financials.
Sydney is now one of the most tolled cities in the world. Every time you pay a toll, much of the money now flows oversees. Some people now pay hundreds of dollars a week in tolls, these pseudo taxes. It wasn’t that long ago that governments borrowed money to build this kind of infrastructure. The Harbour Bridge and Snowy Hydro come to mind. Sure, we were paying it off through our taxes for many years. Now we do it by paying tolls. But the taxes we paid for our infrastructure were far cheaper per person than the tolls.
We have been conned.
Source: We’ve been taken for a ride – » The Australian Independent Media Network
Fair enough, but the increases in compulsory super contributions will come out of the same bucket as wages – so-called on-costs which employers use to pay wage cheques, workers compensation, payroll tax, employees pay-as-you-go tax, and employees super contributions, which is also known as the “super guarantee”.
That extra you’re about to get in super, most of it will come from you, but don’t expect the ads to tell you that
It laughs at Treasurer Josh Frydenberg’s claim in the April budget – and Scott Morrison’s claim in the election campaign – to have returned the economy to “strong growth”, which will roll on for a decade without missing a beat.
Why is the immediate outlook for the economy so weak and uncertain? Not primarily because of any great threat from abroad – though a flare-up in Donald Trump’s trade war with China could certainly make things worse – but primarily because of one big and well-known problem inside our economy: five years of weak growth in wages.
More Australians have died at the hands of police, lawfully or unlawfully, in 10 years, than from terrorist attacks in Australia in the past 20 years.
Source: The threat of terrorism in Australia is a scam that costs us dearly
From an “often ruthless” Honduran oligarch to a pair of Indian billionaires who ran a company accused of falsifying drug data.
Source: The World Bank’s Anti-Poverty Push Made These Controversial Tycoons Even Richer | Mother Jones
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