The ATO has been given the powers generally available only to government lackeys in a despotic state. A state where the ordinary expectations of a citizen to be treated fairly having access to an impartial process have been totally discarded.
Whistle-blowers have made shocking accusations of revenue-raising tactics within the Australian Taxation Office (ATO). Small businesses and contract workers have been among the victims of the ATO’s alleged exploitative practices. Several concerns from business owners were raised about the extent of the ATO’s powers.
Here’s the most important takeaway. One you’re not going to read in the mainstream media: The poor, naïve customers are not without blame.
Saudi Arabia is pulling out of its plans to list their state-owned oil giant Aramco in the US in what would have been the world’s biggest initial public offering (IPO). Time will tell if the Saudis open their oil taps wider now that the IPO looks to be off the table.
The political climate means that defence spending is on the rise. North Korea is one trigger. As is the ongoing threat of terrorism. The boost to Australia’s defence capabilities may well be timely, possibly even well overdue.
An abundance of Asian shoppers are buying baby formula in large quantities, to sell on to China for profit. Masses of Asian shoppers often go through checkouts and later return to buy more quantities of the product.
If the mountainous levels of debt accumulated by Aussie home owners is anything to go by, that Ponzi scheme may be alive and well right here in the housing market.
‘Jobs and growth’ was the slogan for the Turnbull government in the 2016 election race. And while there has been jobs growth — 400,000 new jobs in fact — wages remain stagnant.
The pursuit of justice, however well intended, can easily get carried away. Especially when it involves big, powerful investigations. These are infamous for heading off in directions you aren’t expecting.
After a decade of central bank driven ‘cheap money’, the world is awash in debt. And the debt problem goes way beyond Australia and the US.
If the government is to follow the international trend of regulating opioids, it should also embrace medicinal cannabis.
Did you feel let down by Donald Trump’s presentation at the World Economic Forum in Davos? Here, after all, is a president who shoots from the hip. Often poorly. It’s what makes him so darned entertaining.
Australia appears ready to sign on to the Trans-Pacific Partnership (TPP), along with 10 other countries. But currently the US isn’t one of them. Trump may have isolated himself from other economies willing to buy American products.
By clicking a single button, your privacy could already be breached. Thousands of people across 21 countries including the US, Canada, France, and Germany, have already been targeted.
Despite having constructed some of the biggest, widest and longest freeways in the world, congestion on Australian roads continues to cost us billions.
Climate change is one of the most talked about issues the world is apparently facing today. Big cities have started to take notice. And they’re taking action.
Jobs and businesses that were once Aussie owned are slowly but surely slipping out of our hands and into the pockets of international giants.
With slow wage and job growth, Australians are falling behind financially. And the amount of Australians withdrawing superannuation early on compassionate grounds has risen 590% in the last six years.
When was the last time you were in a bar or at the bottle shop and thought, ‘Wow, these drinks are cheap’? Most likely, your answer is ‘never’.
We discuss Venezuela’s idea to rid the county of their currency and launch its own cryptocurrency. The consequences for international trade and relations could be huge. Could this happen?
Property speculation in Australia is a national sport where corruption has been a distinguishing characteristic. Most of which has been to the detriment of the ordinary Australian.
Christmas should be a time of happiness and joy for families in Australia. Instead, counter-terror agencies and local police are sounding the alarm that this is the most dangerous time of year.
The battle between 13Cabs and UBER rages on, with the traditional transport provider apparently resorting to dirty tactics to win the war.
Much of the talk about Amazon’s launch in Australia has been doom and gloom for local retailers. But some online Aussie giants have taken a different approach.
Australian governments have encouraged young people to aim for university degrees. And many have been aiming high. But lately, the enrolment rate has come under fire.
Wage growth in Australia remains stuck in a rut. And though the official unemployment rate dropped to 5.4% in November, the prospect of higher pay cheques remains elusive.
Australia looks like it is about to fall victim to a massive correction in the property market.
In good news for the manufacturing sector, VeroGuard Systems have announced they will build a new manufacturing facility just outside of Adelaide.
With the introduction of self-driving cars, is it really your fault if it crashes? After all, you weren’t driving, the car was…
Are you tired of hearing about Amazon.com yet? Well, take a deep breath. The story isn’t going away.