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Michael West

Michael West

Adjunct Associate Professor, School of Social and Political Sciences, University of Sydney

Michael West spent two decades working as a journalist, stockbroker, editor and finance commentator before striking out on his own. Having worked for eight years investigating financial markets and big business for Rupert Murdoch’s The Australian and another eight years for The Age and Sydney Morning Herald at Fairfax Media, West has well and truly tested the limits of the mainstream media.

michaelwest.com.au kicked off in July, 2016. Four months later, West was appointed Adjunct Associate Professor at the University of Sydney’s School of Social and Political Sciences. The role is to work with the School’s Sydney Democracy Network, particularly addressing money in politics and the intersection between government and big business.

His investigations into multinational tax avoidance were instrumental in establishing the Senate Inquiry into Corporate Tax Avoidance in 2015 and subsequent corporate tax reforms by Parliament. His investigations into “gold-plating” in the electricity sector helped to establish the Senate Inquiry into Electricity Networks in 2014. Prior to the global financial crisis his work in exposing the “financial engineers” such as Macquarie Bank, Allco Finance and Babcock & Brown for aggressive business practices had a significant impact on corporate Australia.

Bottom of the canal: Pfizer's billion-dollar tax ploy

Aug 07, 2017 16:04 pm UTC| Insights & Views Law

Pharmaceutical giant Pfizer has engaged in a series of paper transactions to create a A$936 million loss in Australia. It is, for all intents and purposes, a billion-dollar exercise in tax avoidance. Pfizer and its...

Chevron: a game-changer for multinational tax avoiders

Apr 24, 2017 12:51 pm UTC| Insights & Views Law

The Australian Tax Office had a superb win against Chevron in the Federal Court last week, but there is something everyone is missing, something that will turn the art of tax avoidance on its head; a game-changer for...

Late payments: the policy no-brainer for business

Mar 27, 2017 14:39 pm UTC| Insights & Views Business

Hammurabi nailed it back in 1772 BC when he declared: The first duty of government is to protect the powerless from the powerful. When it came to common sense, the sixth king of Babylon was an early adopter, earlier...

Australia's march towards corporatocracy

Feb 22, 2017 04:30 am UTC| Insights & Views Economy

Confounding the familiar government narrative of reckless spending binges by Labor, the Coalition actually has the record of greater profligacy when it comes to showering billions of dollars of taxpayers money on external...

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Economy

Global Geopolitical Series: U.S. Commerce Department announces final AD on imports of biodiesel from Argentina and Indonesia

Last night, the U.S. Commerce Department announced final results of the Anti-dumping investigations on imports of biodiesel from Argentina and Indonesia. The investigation was initiated back in November last year in...

Polish industrial output and retail sales data come in strong in January, GDP growth likely to be strong

Polands official statistics office released another set of monthly macroeconomic data, which indicate towards very robust performance of the Polish economy in the first quarter of this year. While the Polish industrial...

Polish industrial output and retail sales data come in strong in January, GDP growth likely to be strong

Polands official statistics office released another set of monthly macroeconomic data, which indicate towards very robust performance of the Polish economy in the first quarter of this year. While the Polish industrial...

UK gilts jump after unemployment rate worsens beyond expectations in December

The UK gilts jumped Wednesday after the countrys unemployment rate for the month of December came in worse than market expectations, leading investors to flock into safe-haven instruments. Markets will now focus on Bank of...

German bunds jump ahead of February manufacturing, services PMI

The German bunds jumped during early European session Wednesday as investors wait to watch the countrys manufacturing as well as services PMI for the month of February, both scheduled to be released today by 08:30GMT...

Politics

Hunger in the lucky country – charities step in where government fails

The non-profit organisation Foodbank released its report Fighting Hunger in Australia this month. Like earlier research it reported that around 15% of Australians experienced food insecurity an extraordinary figure...

For black celebrities like Oprah, it's impossible to be apolitical

Oprah Winfreys rousing Golden Globe speech has many speculating whether the media mogul will become a presidential candidate in 2020, with some pundits questioning the merits of another celebrity president. But to...

Politicians are inflating the evidence used to justify tax increases

Chris Doucouliagos, Professor of Economics, Department of Economics, Deakin Business School and Alfred Deakin Institute for Citizenship and Globalisation, Deakin University Many government policies are flawed because...

GOP tax plan doubles down on policies that are crushing the middle class

The U.S. middle class has always had a special mystique. It is the heart of the American dream. A decent income and home, doing better than ones parents, and retiring in comfort are all hallmarks of a middle-class...

What does Ramaphosa's victory mean for South Africa's economy?

A great deal is expected from Cyril Ramaphosa who was elected as the president of South Africas governing party, the African National Congress (ANC). This positions him to become the countrys president in 2019. Sibonelo...

Science

Researchers Want To Turn Jellyfish Into Junkfood Replacement

Right now, there is an epidemic of junk food addiction all over the world where people of all ages, genders, shapes, and sizes are digging into chips, crusts, crisps, and crunches that really arent healthy for anyone to...

Scientists Finally Settle GMO Case; They Are Safe, Period

The debate over how safe genetically-modified organisms (GMOs) are to eat has been raging for years. One side is composed of health-conscious individuals who are worried that private companies are meddling with nature too...

UBI Helps People Be More Productive And Work More, Study Claims

The topic of universal basic income (UBI) has been a hot-button issue among economists, financial experts, legislators, and tech industry giants for years. Some say that it will increase productivity while others claim the...

Startup Raises $250M To Use Placenta To Extend Life And Cure Cancer

Companies have been trying to unlock the secrets to regenerative medicine for years and one startup just raised $250 million by intending to use human placenta to do so. The company believes that using the disposable...

Ozone Layer Update; Not Recovering As Expected For Unknown Reasons

In the late 90s, the issue regarding the hole in the ozone layer was big in the public consciousness, but it quickly faded in light of a new gigantic threat in the form of climate change. In recent years, scientists have...

Technology

SpaceX Wants 12,000 Satellites In Orbit To Provide High-Speed Internet, To Launch First 2 On Thursday

Elon Musks private space company, SpaceX is planning on launching a Falcon 9 rocket on Thursday from the Vandenberg Air Force Base in California. Officially, the rocket will be carrying a satellite called Paz, which is a...

Alt-Right Claims Twitter Purge, Potential Collateral Damage In Bot Wars

Twitter is a haven for trolls where users regularly display abusive behavior toward other users, companies, celebrity figures, or even ideas. In an attempt to stamp out these kinds of people, the platform has been...

Twitch Offers Viewers Incentive To Watch Overwatch League

As an already hugely popular platform that can crash even with only several hundred thousands of views, Twitch is still looking to draw in more people to use its service. With the Overwatch League being such a big deal,...

Apple Heads Off Potential Battery Supply Shortage With Direct Cobalt Miner Deal

As one of the worlds largest smartphone manufacturers, its only natural that Apple would be worried about supply shortages that could affect its products. This is apparently why it is now making a deal with cobalt miners...

PC Gaming Cloud Service By Blade Launched In US

Gaming PCs are becoming more expensive by the day and this goes doubly true for those who are planning on building their own rigs thanks to the soaring prices of GPUs due to crypto mining. As such, this is the perfect time...
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February 22 10:00 UTC Released

ITCPI (EU Norm) Final MM

Actual

-1.5 %

Forecast

-1.6 %

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-1.6 %

February 22 10:00 UTC Released

ITCPI (EU Norm) Final YY

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1.2 %

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1.1 %

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1.1 %

January 31 00:00 UTC 3233332333m

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2016 bln ARS

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January 31 00:00 UTC 3233332333m

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2016 bln ARS

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January 22 19:00 UTC 4415344153m

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-1541 %

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 4415344153m

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-1541 %

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2016 bln ARS

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January 31 00:00 UTC 3233332333m

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 3233332333m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

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