Michael West

Michael West

Michael West comments on companies, markets and the economy. He is a former SMH business editor.

Glencore tax bill on $15b income: zip, zilch, zero

Michael West Australia's largest coalminer, Glencore, paid almost zero tax over the past three years, despite income of $15 billion, as it radically reduced its tax exposure by taking large, unnecessarily...

Glencore tax bill on $15b income: zip, zilch, zero

Norwich Park coal mine, Queenlsland Bowen Basin photographs  supplied by BHP

Michael West Australia's largest coalminer, Glencore, paid almost zero tax over the past three years, despite income of $15 billion, as it radically reduced its tax exposure by taking large, unnecessarily...

Consumers unlikely to benefit in NSW electricity sell-off

Michael West dinkus

Michael West Plans by NSW to sell off its electricity networks will not likely bring lower prices for consumers.

Resources

Gushing Glencore converts tax flow into tiny trickle

Michael West Glencore booked cash of almost $15 billion from coal mining and had effectively paid zero tax.

Analysis

Entitlement is in the eye of the beholder; just Google it

Google

Michael West For digital juggernaut Google the halcyon days of entitlement remain in full swing.

Comments 56

Schoolchildren embroiled in coal-seam gas dispute

Michael West dinkus

Michael West AGL's ploy is not so much about saving energy as rallying the community behind its plans.

Is petrol producer an empty Shell?

Michael West It is timely to look at just how much heavy lifting multinational companies are doing on the tax front.

Michael West

Tasmania's Beaconsfield mine still mired in corporate intrigue

Michael West A report by a geotechnical expert about seismic events recommended bolstering the ground-support mechanisms in the mine five months before its collapse.

Explosive claims on JP Morgan conduct

Michael West A former JP Morgan employee claims the bank regularly failed to report losing trades.

Devil in the detail in the jungle out there

Michael West The phone rang this week. It was Mary from the Australian Shareholder Centre.

Michael West

Energy supply deals not always what they seem

electricity

Michael West As it is, we need some consumer protection, just like dealing with financial advisers.

Comments 112

Big donors leave heavy lifting to mug punters

Michael West dinkus

Michael West It was not only the poor, the aged, the sick, and disabled who copped it in the budget this week.

Michael West

A closer look at Macquarie's tax situation

Michael West A few points about Macquarie's bizarre tax predicament.

Michael West

Power sector needs a good dietitian

Michael West Dividends gouged by states from the electricity sector are in effect a tax.

Michael West

Macquarie Bank's humungous tax bill catches eye

Michael West When Macquarie handed down its profit result the other day, one thing that really stood out.

Michael West

Google and Fairfax playing a different tax game

Google

Michael West Google Australia cut the ribbon on its new offices on the foreshore of Darling Harbour in mid 2009. The "Googleplex" is just a stone's throw from the Sydney headquarters of Fairfax Media.

Comments 48

Michael West

CFS super calculator misleading, says lawyer

Michael West dinkus

Michael West James Wheeldon, the lawyer who exposed the corporate regulator's culture of favours for big banks during an explosive Senate hearing last month, has provided further evidence that the watchdog is...

Michael West

CFS super calculator misleading, says lawyer

Michael West Former ASIC insider provides more evidence the watchdog is 'beholden to the banks'.

Michael West

Google pays little tax while Commission of audit goes after poor

Michael West It is no small irony that the day the of audit report was released, so too were the accounts for Google Australia.

Michael West

Blame the Smurfs: Suspicious trades are fleecing investors

Michael West A boy was dragged before the courts this week for stealing two cigarette lighters. He faces a conviction under Queensland's tough new "naming and shaming" laws.