daniel

All tax evasion should be called out. Following up on yesterday’s post in regard to the taxation of offshore Oil and Gas companies it was pointed out that Oil and Gas companies can shift their profits offshore to avoid tax in Australia. That’s 100% correct, but it’s not isolated to just Oil and Gas companies. Offshore profit shifting is rampant amongst all multinationals. Why don’t the Greens or David Pocock have a 25% export tax on all profits sent offshore? Why can Pfizer, Meta etc send billions of dollars offshore to avoid paying tax here in Australia? Why can Australian companies especially banks, offshore jobs to India and the Philippines without paying any withholding tax. Why don’t renewable companies, 70% owned by foreigners have to pay a royalty on our sunlight and water? Peoplefirstparty.au is the only party to have a policy on profit shifting and is the only party to have consistently raised these issues in estimates and the Senate. We will raise the withholding tax rate on profits transferred to treaty countries to 25% and on interest income paid to all countries to 30%. This will prevent capital from leaving Australia and ensure that profits generated domestically contribute to our economy, rather than being funnelled offshore. Additionally, an operating profit ratio test will be introduced to further strengthen transfer pricing rules and prevent the leakage of profits abroad. If you’re going to call out one industry for tax evasion then call out all companies. Otherwise you’re just demonising the industries you’re trying to destroy.

🇺🇸🇮🇱 AIPAC just dumped another $3 million into Thomas Massie's primary… Sec. Hegseth was sent to campaign for his opponent. The full might of the Israeli lobbying machine is working to unseat him. Massie's response: "They're panicked and haven't been able to gain a lead in this race." Think about what's actually happening here: a sitting congressman is being bombarded relentlessly with foreign lobby money and White House pressure. If Massie survives this, it sends a message every member of Congress will hear loud and clear. @RepThomasMassie

Just a follow up to this mornings post. One of Fauci’s co-conspirators was Australia’s very own Edward Holmes who has received millions of taxpayers dollars to engage in Gain of Function research. 🔬 Edward Holmes co-authored the notorious Origins of Covid paper in Lancet that dismissed the theory that Covid was created in a laboratory and instead insisted that the virus came from nature. When I asked the National Health and Research Council about Holmes involvement in the coverup and why they continue to award this guy millions dollars, the bureaucrat was allowed to give his opinion which was a violation of the Senate standing orders. Instead of being told to retract his statement, the Chair allowed it to stand and instead shut me down. It’s criminal what the Australian government did to the Australian people and it’s criminal that Edward Holmes isn’t behind bars. The fact that Fauci turned to Holmes to cover up the origins of Covid, a scientist on the other side of the world, so soon after the outbreak can only mean one thing - Edward Holmes was an intelligence asset who colluded not just with Fauci, but our Intelligence Agencies to cover up the origins of Covid. This tells us that rather than seek out the truth and defend Australians, our own Intelligence Agencies are working against the Australian people.

While the rest of the nation gets hit with higher capital gains tax, there’s a special carve-out for foreign investors in renewable energy. They get to keep the 50% CGT discount at a cost of $425 million to the taxpayer. Foreign investors already don’t pay Capital Gains tax on shares and intangible assets. Why didn’t Chalmers crack down on them? The answer of course is that the Labor party, like the Liberal party are controlled by foreign interests.! But wait there’s more. Under the capacity investment scheme underwriting agreements, if the actual revenue earned by a project is below the agreed revenue floor, the Australian government will pay the project operator 90 per cent of the revenue shortfall up to the agreed annual cap for 15 yrs. (see comments) The Labor government will grant “whatever it takes” subsidies to ensure “renewable” energy is a part of the energy grid, no matter the cost to the taxpayer. But in keeping with the government vibe of transparency the cost of the scheme can’t be disclosed and I quote. “The CIS is listed in the budget papers as a contingent liability, alongside the Snowy 2.0 hydro electric scheme, which has already blown out in costs by billions. According to the budget papers, "The Australian government's maximum liability and estimated payments under these (CIS) agreements are not for publication due to commercial sensitivities". It’s not hard to see why the major parties are struggling. Wasting taxpayers money and refusing to disclose it has to stop.

Chris Richardson on what Australia has gotten wrong about migration. Chris Richardson is one of Australia’s most quoted economists and the founder of Rich Insight, bringing decades of expertise from his time at Deloitte Access Economics to decode complex fiscal policy. Chris and I might not agree on every aspect of this budget, but that is what makes this conversation worth having. In this analysis of Australia’s latest budget, Richardson reveals why our living standards have barely grown over the past decade while other OECD nations have surged ahead by 17%. He dissects the real economic effects of the budget on inflation, interest rates, and the Reserve Bank’s delicate balancing act. Richardson also exposes the “off-budget” spending that keeps billions in government expenditure hidden from public scrutiny and explains why housing affordability will not be solved by capital gains tax changes alone. Search Straight Talk with Mark Bouris to listen to the full episode.

The PM continues to echo the gas industry’s lines that tax on offshore gas (PRRT) will go up over time, but the budget papers revised the revenue for this year DOWN and show revenue from the tax will be LOWER in 2029-30 than it is today 🤯 sbs.com.au/news/article/a…

“Filings show that of the $1.74bn Facebook, led by Mark Zuckerberg, generated from Australian businesses in 2025, $1.51bn was immediately paid out to a related company in the Meta group overseas. This massive transfer of cash, revealed in new financial filings, came as the company also paid a $120m dividend to its American owners and completely drained its local bank account. It comes as the Albanese government is this week set to release its long-awaited draft legislation for its proposed crackdown on digital platforms that fail to compensate news publishers for the use of their content.” ••••••••••••••••••••• In all the teeth gnashing over the budget, I didn’t see the elephant in the room mentioned once. Multinational profit shifting is bleeding this country dry. Yet rather than do something about it Albanese is doing the media’s bidding by arguing the media should be paid, when in fact it’s Australian taxpayers that should be compensated by Facebook etc for the use of our telecommunications infrastructure and databases. Ie the people The ATO needs to stop attacking small businesses and start going after the big corporations who are literally stealing billions of dollars from Australia. Facebook derives its income from advertising in Australia. If both the advertisers and customers are here in Australia then the source of the income should be deemed to be derived in Australia and taxed here not offshore. You can tell Meta are screwing us by looking at their worldwide accounts. In 2024 their worldwide operating profit ratio was 42% yet in Australia it was less the 14%, one third of their worldwide income. Why isn’t the ATO using our transfer pricing laws to stop over inflated payments to related entities. People First is the only political party to have a policy to stop profit shifting. We will lift the withholding tax rate on profits sent offshore to retain our profits here in Australia. Read our policies at Peoplefirstparty.au

There are more than 2,200 people with privileged access all areas lobbyist passes to Parliament House. After repeated calls for transparency, not a single Labor, Coalition or Greens senator or MP has disclosed who they are giving this access to. At a time of intense lobbying on issues like making sure Australians get a fair return for our export gas, that should concern all of us. canberratimes.com.au/story/9182651/… Go to passregister.com.au to call on your MP to disclose who they are giving access to.

Expose the cover up “If there was a threat where a nation or an individual was building a virus for politically motivated violence then yes I would be focused on that but nothing suggests that is the case.” Next minute: “A former senior adviser to Dr. Anthony Fauci was indicted on federal charges alleging he conspired to hide his communications related to COVID-19 research as the pandemic raged across the country, the Justice Department said Tuesday. Dr. David Morens, 78, is accused of using his private email account to intentionally circumvent public records laws while employed at the National Institutes of Health. The Justice Department alleges that he concealed or destroyed records of discussions related to COVID-19 research grants.” ••••••••••••••• How incompetent is ASIO? I was the only politician to repeatedly ask ASIO about the origins of Covid and if they should investigate it given the threat that biological weapons pose to humanity. I was repeatedly gaslighted by Mike Burgess as to the seriousness of this threat. Yet this week it has been revealed that an associate of Fauci has been indicted for deliberately concealing the origins of Covid, in particular in regard to the funding of the Wuhan laboratory in China. There is very strong evidence to suggest that the research carried out in the laboratory was responsible for the Covid virus. There is also very strong evidence that politicians, health authorities and the media were complicit in killing and then covering up the deaths of numerous people from both Covid and the vaccine. It’s time they were held to account. Help us continue that fight by signing up today at Peoplefirstparty.au

@thelebanesebob @CraigSarg73 @markbouris There’s nothing left to sell

@CraigSarg73 @markbouris I wonder..

What a treat on Anzac Day . When John Howard was PM we had a surplus in the budget , no national debt .. yep zero , and productivity was up and we were the envy of the world economically .

Every month the Minister for Energy, Chris Bowen, and the Minister for Finance, @SenKatyG, are formally advised of Snowy 2.0’s updated cost blowout. And every month Chris and Katy keep the updated cost blowout secret from YOU (even though it’s YOU paying for the blowout). #auspol

🇮🇱 Israel hired Brad Parscale on a $9M contract to build fake "neutral" think-tank websites designed to feed pro-Israel narratives directly into ChatGPT, Claude, and Gemini. The sites look independent. They're not. They're engineered to shape what AI tells you about Israel before the models even finish training. This is hasbara for the algorithm era, and if Israel is doing it, you can be sure they're not the only government that figured this out. Source: Axios

BREAKING: A Syrian billionaire needed U.S. sanctions lifted so he could cash in on $12 billion in reconstruction contracts, per NYT. In an attempt to influence American foreign policy, he proposed a Trump-branded golf course, cut Jared Kushner & Ivanka Trump into a multibillion-dollar real estate deal for a resort in Albania, and had someone physically deliver a stone engraved with the Trump family crest to a Republican Member of Congress with instructions to take it to the White House to get the President's attention. Trump threw his weight behind repealing the sanctions. They were lifted. The contracts are moving, and the Trump family’s deals are expanding.

The major parties are hoping the gas export tax problem will go away. But the Australian people are getting ripped off, and they know it. EVERY WEEK without a 25% tax on gas exports, Australia loses out on $340 MILLION! #auspol

@TheAusInstitute How good is this man

“Australians agree that our resources belong to us. Gas that is exported from this country should be paid for by the gas companies that exported and a 25% has export tax is the way to go. - Senator David Pocock ✍️ Sign to support a 25% gas export tax: theaus.in/3OlHsMM

Seven departmental secretaries are clearing over $1 million a year, which is nearly ten times the average Australian wage. It's time for a serious look at whether that's justified. I welcome the Remuneration Tribunal reviewing salaries that are out of line with what Australians expect. smh.com.au/politics/feder…