The Maritime Union of Australia welcomes the Government’s more inclusive approach to shipping, after Transport Minister Darren Chester met with the MUA and other stakeholders to discuss shipping policy last month.Read more
In anticipation of a Budget weighted in favour of the top end of town, unions will rally on the lawns of Parliament House
MEDIA ALERT: Tuesday May 3, at 7.30am
What: Cayman Island Embassy to expose the LNP’s erosion of key pillars of society; job security, workers’ rights, medicare, education, public services, a secure retirement and a fair go for all.
Who: MUA Assistant National Secretary Ian Bray, ALP Senator Sam Dastyari, ACTU President Ged Kearney and CPSU National Secretary Nadine Flood.
Where: Jobs Embassy, Parliament LawnsRead more
Chevron Corp. used a shell company in a tax haven to escape hundreds of millions of dollars in Australian taxes, according to a 2015 court ruling. The subsidiary, which allowed Chevron to eliminate Australian taxes on $1.7 billion in profit earned there, wasn’t secreted away on a remote tropical island -- it was set up in the very mundane locale where corporate secrecy was born: Delaware.Read more
Commenting on the continuing furore over the release of the Panama papers, ITF (International Transport Workers’ Federation) president Paddy Crumlin said: “Cover up, silence, secrecy, zero accountability. Those are what these leaks have exposed. For those who have campaigned against flags of convenience (FOCs) in shipping, these new facts, shocking though they are, will not come as a total surprise.Read more
Chevron shareholders, pension funds and investment managers from the UK, Europe and the United States, were briefed on investor implications of Chevron’s aggressive tax avoidance schemes and the potential multi-billion implications of major tax audits in Australia.Read more
By Neil Chenoweth for the Australian Financial Review
Chevron Corporation's global tax counsel Sandy Macfarlane has dismissed reports that a Delaware subsidiary paid $248 tax on an estimated $1.7 billion profit from Australian interest payments, telling the Senate tax inquiry that under US law none of the amount was taxable.Read more
By Heath Aston
A federal tax designed to share profits from the oil and gas sector with the Australian public is barely raising a single extra dollar despite the industry's transformation from a $5 billion concern a decade ago to a $60 billion export powerhouse.
Chevron has lost a landmark appeal in the Federal Court today and will have to pay over $250 million in back taxes and an estimated $60 million in fines.Read more