Tag: joe hockey

Joe Hockey Calling Profit-shifting Companies “thieves” and “cheats”

The Treasurer of Australia, Joe Hockey, has assaulted multinational profit-shifters, labelling these companies as “thieves” and “cheats”. He has the public’s support to force multinationals such as Apple, Google and Microsoft to pay their fair share of tax in Australia and has been in contact with his British counterpart, George Osborne, who is committed to introducing a “Google tax”. But, as reported… Continue reading Joe Hockey Calling Profit-shifting Companies “thieves” and “cheats”

Is Glenn Stevens a Coward?

   The perfect world – zero interest rates for the speculators. Don’t bother making stuff. I spoke to financial commentator, Greg Buck about housing bubbles, speculative financial thinking and about the Reserve Bank of Australia. Now RBA’s Governor Glenn Stevens says loan limits ‘worth a try’. They want all the credit when the going is good,… Continue reading Is Glenn Stevens a Coward?

The Project for the New Australian Century Pt 2

I wonder if the anti-budget, anti-Abbott protests on Sunday will make any difference? It does feel like an Americanization mentality in Abbott’s agenda (regarding welfare, education, health etc.) and it is encouraging to see Australians don’t want that. But if our politicians really looked into what is happening in the USA they would discover that… Continue reading The Project for the New Australian Century Pt 2

The Australian Budget – What’s The End Game?

Hockey and Abbott’s mantra: “Change the culture of entitlement”. Wow – a bold statement from a people dripping with entitlements. Their benefits: A generous super package, resettlement allowance, a parliamentary (retirement) allowance of 50% (of $195K) after only 8 years of service, and don’t mention the 50 free flights per year, free office and more… Continue reading The Australian Budget – What’s The End Game?