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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

Chinese economy needs to expand strongly in Q4 to achieve 7 pct growth, says ANZ

Given that the first and second quarter GDP growth of China was upwardly revised, the third quarter GDP growth expanded 6.8 percent year-on-year. The figure corresponds with a slower quarterly growth of 1.7 percent...

China activity growth likely to weaken in Q4 on slowdown in housing, credit impulse: DNB Markets

Chinas activity growth is expected to weaken during the fourth quarter of this year, owing to a slowdown in the housing market and a negative development in the credit impulse. The September data confirmed this view, with...

German bunds gain following weak risk appetite among investors

German bunds gained Thursday as investors poured into safe-haven assets while moving away from the riskier assets, including equities and crude oil. Also, the rising tensions between the United States and Iran amid Iraq...

Japanese bonds trade narrowly mixed in subdued trade; Kuroda’s speech in focus

Japanese bonds traded narrowly mixedThursdayfollowing weak results from the Bank of Japans bond buying operation and rising U.S. Treasury yields. Also, investors remained sidelined in any major trading activity amid lack...

New Zealand bonds close firm following weakness in U.S. Treasuries, coalition announcement in focus

New Zealand government bonds closed lowerThursdayfollowing weakness in the U.S. Treasuries; however, investors still remain cautious as the country waited for the outcome of government coalition negotiations. At the...

Politics

As China prepares for its Communist Party congress, what will it mean for the rest of the world?

Of Chinese President Xi Jinpings many achievements in his time in office about which much will be made in the official propaganda one of the most surprising was the more confident and assertive approach to foreign policy...

Las Vegas: the US is racked with impossible divisions over rights and freedoms

In the immediate aftermath of the October 2 Las Vegas massacre the USs 273rd mass shooting in 2017 alone it seems neither President Donald Trump nor his Republican colleagues will entertain a review of current gun...

Trump speaks at the UN: 5 takeaways

It is a short distance from Trump Tower on Fifth Avenue to the United Nations headquarters on First Avenue, but these are different worlds. Donald Trumps native world is one of unilateralism and competition, with more than...

Angela Merkel wins a fourth term in office – but it won't be an easy one

Angela Merkel will continue as chancellor of Germany. But following an election that saw the rise of smaller parties most notably the far right her fourth term will probably be an eventful one in ways she would not wish...

US under Trump Series: President Trump signs new travel ban with additional countries as old one expires

President Trump has signed a new executive order travel ban that was first initiated on the very first week after his inauguration and created quite a furore not only within the United States but around the world too. The...

Science

New Treatment For Blindness Gets FDA Panel Recommendation, First Of Its Kind

Providing hope to thousands of people suffering from hereditary blindness, advisers for the US Food and Drug Administration just gave a critical recommendation to a new type of treatment. Using gene therapy, the treatment...

VP Mike Pence Heads NASA’s Revived Moon Council, SpaceX To Do The Heavy Lifting

After months of hinting that a Lunar mission is in the works, US vice-president Mike Pence announced via The Wall Street Journal op-ed that NASA would be sending humans to the moon. The article was published just before...

Scientists Makes Hydrogen Fuel Production Cheaper With Seawater And New Nanomaterial

Solar and wind energy might be the renewable resources that are growing in popularity, but hydrogen fuel has proven to be incredibly reliable and powerful as well. Now, a University of Central Florida (UCF) scientist has...

Ikea Now Has Indoor Vertical Farm, Huge Potential For Solar Partnership

With the worlds climate constantly becoming hotter by the year, industries such as farming are going to experience massive problems such as drought and daylight heat thats too much for plants to handle. Thats why products...

Genome editing of human embryos broadens ethics discussions

For several years, scientists have experimented on human embryos with a powerful genome editing tool called CRISPR to see if they could correct genetic errors or reduce the risk of disease. In September, Kathy Niakan at...

Technology

Richard Branson Throws Shade At Elon Musk, Essentially Calls Him Mars-Obsessed

The private space industry is currently dominated by SpaceX, which is owned by Elon Musk, but it has competitors in the form of Richard Bransons Virgin Galactic and Jeff Bezos Blue Origin. Recently, Branson threw a jab at...

Tree-Planting Deserves As Much Attention As Renewable Energy, Study States

The current effort to fight climate change is reducing carbon emissions by increasing reliance on renewable energy and basically reducing the use of fossil fuel. However, a recent study suggests that the world should also...

Sony To Start Putting Games On The Switch, Just Indie Games Though

Active participants in the gaming community are well aware of how stubborn Sony can be when it comes to porting video games to other platforms, especially when it comes to PlayStation exclusives. A division of the Japanese...

Samsung Creates 8-Nanometer Chips, Partners With Qualcomm For Mass Production

Samsung has done it again. The South Korean company is set to start mass-producing 8-nanometer low power plus chips (LPP) with the help of Qualcomm. The chip offers improvements in power consumption and performance in key...

Facebook VP Comments On Russian Election Scandal, ‘Sometimes Bad Things Happen’

Facebook was used by Russia to compromise US democracy. This is an established fact that no amount of wishful thinking and denial on Mark Zuckerbergs part can change. In an effort to shine a more positive light on its...
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2017-10-20 00:33:17
0m

October 19 14:00 UTC Released

USPhilly Fed Capex Index

Actual

-0.2 %

Forecast

0.1 %

Previous

0.4 %

October 19 13:00 UTC Released

RUCbank Wkly Reserves*

Actual

427 Bln USD

Forecast

Previous

423.3 Bln USD

October 20 06:00 UTC 289289m

DEProducer Prices MM

Actual

Forecast

0.1 %

Previous

0.2 %

October 20 06:00 UTC 289289m

DEProducer Prices YY

Actual

Forecast

2.9 %

Previous

2.6 %

October 20 08:00 UTC 409409m

EZPhilly Fed New Orders

Actual

Forecast

Previous

32.5 Bln EUR

October 20 08:00 UTC 409409m

BRCurrent Account NSA,EUR*

Actual

Forecast

Previous

32.5 Bln EUR

October 20 08:00 UTC 409409m

BRCurrent Account SA, EUR*

Actual

Forecast

Previous

25.1 Bln EUR

October 20 08:00 UTC 409409m

EZCurrent Account SA, EUR*

Actual

Forecast

Previous

25.1 Bln EUR

October 20 08:30 UTC 439439m

GBPSNB Ex Banks GBP

Actual

Forecast

6.500 Bln GBP

Previous

5.669 Bln GBP

October 20 08:30 UTC 439439m

GBPSNB, MM GBP

Actual

Forecast

Previous

5.093 Bln GBP

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