Tag: Tax Office

TAX

Not too quick: Tax Office dithering on Lendlease scam puts whistleblowers at risk – Michael West

Lendlease, ATO, whistleblowers

How many corporate directors or managers are today sitting in our jails? How many even went through the justice process? It’s generally a rapid process for those now sitting in jail for mental health, addiction, and poverty reasons. Some like Indigenous Australians too quick. Getting out is hard and back in too easy.

If Lendlease tax whistleblower goes down in court while the Tax Office continues to dither for more than four years enforcing its ‘double dipping’ rules against the property giant, the question could well be asked, why would anybody do the right thing and blow the whistle again? Michael West reports.

Source: Not too quick: Tax Office dithering on Lendlease scam puts whistleblowers at risk – Michael West

TAX

The usual suspects star in annual Tax Office data-dump paying donut on their billions – Michael West Media

If there is proof that Morrison leads a do-nothing Government surely this is it

An important step in the battle between corporate tax lawyers constant innovations around Australia’s tax regulations. The report also reveals that roughly a third of all the companies analysed have paid zero tax, a metric consistent with previous years and one which Saint did not think would change substantially, even leading into the 2020-21 pandemic year.

While the Pandemic shellacked many businesses, the $90bn in JobKeeper subsidies propped many of them up, and some $20bn of it was wasted on companies which enjoyed rising revenues. Another $20bn went to corporations which did not need it, much was spent of executive bonuses and dividends to shareholders.

This time next year will will get a better idea of whether the corporate culprits which snaffled the massive JobKeeper subsidies paid their fair share of tax.

Source: The usual suspects star in annual Tax Office data-dump paying donut on their billions – Michael West Media