Michael West

Michael West

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

Big Pharma's secret pricing tactics keep staff and ATO in the dark

Michael West Even the top ranking Australian executives at big pharma companies are kept in the dark by transfer pricing

Tax avoiders: Apple joins other multinationals in sinking to the bottom of the ocean

Apple executive Jennifer Bailey at a presentation in San Francisco this week.

Michael West Apple is sitting on the biggest pile of cash in corporate history, some $US200 billion stowed offshore, safely out of reach of frustrated US tax authorities.

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American Express pays no tax on multibillion-dollar Australian operation for seven years

In four of the seven years, American Express received a tax refund rather than making a tax payment.

Michael West American Express has in effect paid no income tax on its multibillion-dollar operation in Australia for seven years.

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Chevron's tax whinge doesn't stack up

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Michael West Before complaining, the United States oil giant should start paying.

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Adani a dud candidate for government support

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Michael West Adani's opportunity to lose money may be too good for the government to refuse.

NSW puts seniors in a spin with AGL endorsement

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Michael West The NSW Government has entered into an exclusive arrangement with energy giant AGL to sell discount power plans to Seniors Card holders.

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Pfizer, GlaxosmithKline leaning on the taxpayer

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Michael West They may get humungous subsidies from Australian taxpayers, they may fork out a mere skerrick of tax in Australia themselves, but don't you worry, Big Pharma and the corporate tax lobby will tell you...

Solution to housing affordability staring politicians in the face

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Michael West That an entire generation of young Australians has been shut out of the Melbourne and Sydney property markets is bad enough.

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DHR International leaves bill with Australian government

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Michael West Why is the Australian government picking up the tab for a global headhunting firm?

News Corp shows it's all about how you present the numbers

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Michael West News Corp paid an average $32.6 million in income tax a year. If the government were to tighten the screws on multinational tax avoiders, it could start by looking at the way financial statements are...

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Iron ore inquiry loses out to more important matters – like a fence

Michael West After a brutal lobbying campaign by BHP and Rio, Tony Abbott and Joe Hockey knocked the idea for an inquiry into iron ore on the head. No big deal, there are far more important inquiries at hand.

Pfizer is a tax fizzer

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Michael West There were predictions the budget would save as much as $5 billion from the Pharmaceutical Benefits Scheme (PBS) over five years.

Chevron parents leave ATO an orphan

Chevron is under fire over tax.

Michael West Secretive oil major Chevron Corp has taken the art of tax avoidance to its ultimate form, thanks to a scheme so aggressive that it goes beyond merely reducing exposure to income tax.

Big pharma shuffles the tax pill

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Michael West Viagra maker Pfizer's tax structures are a "vulgar artifice", says a tax expert.

Federal Budget 2015: Time for multinationals to pay the piper

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Michael West Taxpayers can only pray Joe Hockey's latest promise to crack the whip is more than another rhetorical crackdown.

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Money laundering burden yet to hit property market

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Michael West The real estate industry has escaped compliance of the Anti-Money Laundering Act so far – but experts predict not for long.

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Chevron: A hornswoggler of the highest order

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Michael West Chevron is a past master in bamboozling its adversaries – the ATO for instance

Red ink flows from Serco's detention centres

Serco has posted a $395 million loss on $1.1 billion in revenue for the year to December 2014.

Michael West Despite its $3 billion government contract to run Christmas Island and another seven onshore detention centres, Serco Group in Australia is technically insolvent..

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Adani gilded lily is far from rolled gold

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Michael West If e'er a lily were so grandiloquently gilded, if e'er there were a mining project so deliriously conceived, it was bared for all to see in a Queensland court this week in the cross-examination of...

Adani Mining feels heat over $14b Galilee Basin coal mine gap

Indian company Adani wants to build one of the country's biggest coal mines in the Galilee Basin.

Michael West Can you trust a company to run a clean and profitable coal mine when its financial controller has a case of the vagues?