~ Evelyn Waugh, Scoop
Abused by News Corp boss before the Senate, Jeff Knapp (Lach's Lecturer) tells real story on News' tax chicanery
A senior executive of global accounting firm KPMG has been caught in an unfortunate slip of the tongue at a Senate inquiry into corporate tax avoidance.
Rosheen Garnon, national managing partner of tax at KPMG, was defending the firm's employee secondment program with Treasury.
The program was important to give the Australian Tax Office and Treasury an understanding of how business and financial systems operated, she said.
It also helped them encapsulate business thinking when it came to drafting tax laws.
But in an slip, Ms Garnon told senators in Canberra on Thursday: "As we develop the laws, let me rephrase, as Treasury is developing the laws ... ."
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Surveying the crowd at an annual conference he runs here, journalist David Marchant delivered some chilling news: A few days earlier, a speaker from a previous year’s conference had been shot in the head in the Bahamas in apparent relation to a business dispute.
Mr. Marchant runs one of the country’s more unusual annual trade gatherings. The OffshoreAlert Conference since 2002 has brought together a diverse collection of the hunters and the hunted: tax avoiders, convicted fraudsters, and their advisers — as well as the regulators and law-enforcement officials who try to catch them. This week, they sat side by side on conference panels, and sipped cocktails a few yards from the beach outside the swank Eden Roc hotel. Belvedere Management: Massive Criminal Enterprise or Defamed Fund Manager
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The Age of the Wolf Southern Poverty Law Center
Dear Fellow Shareholders [PDF] Jamie Dimon. “We have meaningfully simplified the company.”