John Richardson's blog
Today was, of course, Anzac Day, where we honour our fallen and remember the feats of Australian soldiers and service personnel from Gallipoli and beyond.
No doubt you will be shocked to learn, as I was, that it is the rich who benefit overwhelmingly from negative gearing losses, and the superannuation and capital gains discount tax concessions.
Here are some pesky facts.
The Federal Opposition has slammed comments by former Liberal frontbencher Sophie Mirabella, who says a Victorian hospital missed out on $10 million in federal funding because she was not re-elected to the seat of Indi at the last election.
from Crikey …
IBAC investigates the Victorian education department’s failed Ultranet …
Financial meltdown, environmental disaster and even the rise of Donald Trump – neoliberalism has played its part in them all. Why has the left failed to come up with an alternative?
A report issued Thursday by the British charity Oxfam found that the 50 largest US corporations are hiding $1.4 trillion in profits in overseas accounts to avoid US income taxes, much of it in tax havens like Bermuda and the Cayman Islands.
Imagine if a royal commission was held into a matter of national shame and, after tens of millions of dollars was spent and a five-volume report produced, the headline indicators of that shame actually went backwards.
Consider the public reaction if, 25 years on, one of the commissioners who produced the report lamented that the situation was now worse than when the report was published, and the federal minister responsible issued a statement applauding progress.
Debates over the call for a royal commission into the banking industry have brought to the fore the real battle in Australian politics – and it’s not about partisan rivalry.