Tag: The Scam

The great Sydney University grant swindle – Michael West

Sydney University Business School

Australia’s universities have been corporatised and compromised, and business schools are at the vanguard of academic capture. Jeanne Ryckmans investigates the rise and fall of the five-star travelling former professor who led the high-life on public grants.

Source: The great Sydney University grant swindle – Michael West

Still Faxing: CITIC the gigantic tiny Chinese coal miner – Michael West

What's the scam?

CITIC the Chinese coal mining juggernaut churns out $8bn in revenue from its suite of Australian coal mines, gets government subsidies, but pays almost no tax and actually faxes in its one financial report to regulators. What’s the scam?

Source: Still Faxing: CITIC the gigantic tiny Chinese coal miner – Michael West

Fossil fuel subsidies soar past disaster relief, even public schools funding. What’s the scam? – Michael West Media

Fossil fuel subsidies, TAI

This week on Q&A Barnaby Joyce said “we are a government who only spends money where we see a return on investment and growth in GDP”. Well we know that!! So little has been devoted to Age-Care, flood disasters, pensioners, job seekers yet debt blew out 400% above 2013 levels. It went from 10% of GDP to over 40% and is heading to 50%. So where did the money go and why doesn’t it matter now?  It mattered ever so badly when the ALP were in government. The LNP are currently screaming taxes taxes will go up under the ALP yet they have constantly been the highest under the LNP.

The scam is that flood and fire victims and other ordinary Australians don’t have lobbyists and don’t pay political parties. What are they thinking, that politicians will just help them because …?

Cruelling somewhat the Budget pitch euphoria in corporate media today, The Australia Institute has sallied forth with its annual analysis of hand-outs to coal and gas multinationals, state and federal, finding they cost the public $11.6b in 2021-22, or $22k per minute.

It’s a $1.3b (12%) increase on last year thanks to the feds. Across all budgets there is $55b committed, which is 11 times the balance of Australia’s Emergency Response Fund ($4.8b in Dec 2021), while $11.6b in 2021-22 is 56 times the budget of the National Recovery and Resilience Agency.

The subsidies cost the Federal government more than it spent on public schools in the same year ($9.7b). Now *that’s* a scam … and we are yet to see the Budget.

Source: Fossil fuel subsidies soar past disaster relief, even public schools funding. What’s the scam? – Michael West Media

What’s the scam? Archives – Michael West

Google: What’s the Scam?

what’s the scam Google: What’s the Scam? by Michael West | May 1, 2021 Google Australia raked in $5.2bn revenue last year and paid the Tax Office … drumroll … zero income tax. What’s the scam? The scam used to be that Google simply pretended its income from selling services in Australia to Australians really belonged overseas so it invoiced straight from Singapore. No revenue here, ergo no tax. Now the scam is how they define revenue. They claim their revenue is $1.4bn but, buried in a footnote is the admission that gross revenue last year was actually $5.2bn. GST mysteriously plunged from $114m to $43m and “service fees” to foreign associates stomped in at an heroic $3.8bn. They actually paid $133m in tax in 2019. That’s $133m more than Rupert Murdoch’s News Australia Holdings paid in six years. But they’re back to their dodgy old ways – paying no tax again. Although they recorded a tax charge of $53m – this is what they claim they paid, their cashflow statement shows income tax received (not paid) of $22m last year. They got a tax benefit. That’s the scam.

Source: What’s the scam? Archives – Michael West

Netanyahu advisers hatched anti-Semitic conspiracy against George Soros | The Electronic Intifada

Yair Netanyahu, the son of the Israeli prime minister, shared this meme on Facebook depicting George Soros as a puppet master, an image reminiscent of classic anti-Semitic propaganda.

Israeli leaders helped birth today’s most notorious anti-Semitic conspiracy theory.

That’s the conclusion from recent reports about the origins of a right-wing plot against liberal Jewish billionaire George Soros.

The demonization of Soros – often in overtly anti-Semitic terms – has become a leading theme of the international right in recent years.

And two of Israeli Prime Minister Benjamin Netanyahu’s key advisers were responsible for it.

via Netanyahu advisers hatched anti-Semitic conspiracy against George Soros | The Electronic Intifada

As workers notice no Raise, the Tax Scam Is Starting to Sink In | Informed Comment

As workers notice no Raise, the Tax Scam Is Starting to Sink In

The Koch Brothers alone will spend $20 million on ads selling the tax bill. This is a drop in the bucket compared to the $1.4 billion they stand to gain every year in tax breaks. It’s also a tiny fraction of their overall campaign spending on the 2018 midterms elections, which is projected to reach $400 million.

The Kochs have their work cut out for them. A new poll from Politico shows most workers report seeing no increase in their take home pay after the new tax laws took effect.

This is important.

The whole premise behind adding $1.5 trillion to the debt, giving massive handouts to the ultra-wealthy, and giving a tax break to the nation’s most profitable corporations was that working folks would also get a bit of cash.

Turns out, they’re not seeing that money. But the PR push is having an impact.

via As workers notice no Raise, the Tax Scam Is Starting to Sink In | Informed Comment