How Amex paid no tax in nine years on $10 billion
American Express has paid no net tax in Australia for nine years, according to its latest financial statements. That is zero tax on $10 billion in revenue. Well might this story end there. Enough has already been said. But Amex is by no means alone. Multinational...
Behind the intervention in gas: desperation
For the government to intervene in the gas market – in the face of bitter resistance from one of the most powerful lobbies in the land – shows just how dire things have become. Spiralling gas prices are sending businesses to the wall, right now. Others...
Game-changer for oil giants and multinational tax avoiders
It was a superb win for the the Australian Tax Office against Chevron in the Federal Court last week but there is something everyone is missing, something which will turn the art of tax avoidance on its head; a game-changer for multinationals. Put simply, Chevron...
Hornswoggler Chevron hit by historic court case
Chevron’s top brass touched down in Australia last September in a fleet of five private jets, here to visit their gargantuan Gorgon and Wheatstone gas projects in Western Australia. The Tax Office might have slapped them with a Departure Prevention Order (DPO)...Whats the scam
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