Check it out: https://taxdata.michaelwest.com.au/data_analytics
Australia’s media has gone into full budget meltdown mode, with screaming front pages about death taxes, trust limbo and Labor betrayal.
But while the Murdoch press and the Financial Review howl about modest tax changes, the low-hanging fruit is sitting somewhere else entirely, multinational gas giants making billions from Australian resources while paying a fraction back to the public.
Michael West looks at the latest ExxonMobil Australia accounts, the numbers the gas lobby does not want discussed, and why the real budget scandal is not small business trust changes, it is the continuing failure to properly tax the companies exporting Australia’s gas. #auspol #budget
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Chapters
00:00 Budget hysteria hits the papers
01:36 Murdoch’s zero tax record
03:44 ExxonMobil’s $15.8 billion revenue
09:39 The $1 billion dividend
Michael West established Michael West Media in 2016 to focus on journalism of high public interest, particularly the rising power of corporations over democracy. West was formerly a journalist and editor with Fairfax newspapers, a columnist for News Corp and even, once, a stockbroker.
