Thursday, June 24, 2021

Will Day: Serious Financial Crime Taskforce (SFCT) launches new Identikit - Russia and Its Neighbors, Thirty Years after the Fall

Serious Financial Crime Taskforce (SFCT) launches new Identikit
Deputy Commissioner and SFCT Chief Will Day says behind every serious financial crime are people who deceive, cheat and steal from everyday Australians. Read more in his latest article.
Enablers of serious financial crime not always identifiable
Read about Assistant Commissioner Brett Martin’s take on some of the personas from the new Serious Financial Crime Taskforce Identikit and how to spot the signs of financial crime.

FATF Chance: Senators tackle Australia’s status as paradise for white collar criminals

by Nathan Lynch

For 15 years political parties have blocked action on stopping money laundering through Australia. Labor is planning to bring on a vote tomorrow for a parliamentary inquiry that could finally end the stalemate and ensure the nation is no longer a haven for the proceeds of foreign crime and corruption. Nathan Lynch reports. 

How Australia’s rich avoid tax

The data – leaked by an anonymous source – is American, but this kind of thing happens in Australia too, UNSW associate professor Ann Kayis-Kumar explained.

“There are lots of opportunities for tax planning, particularly when you are at that end of the market and have business and personal interests,” she told The New Daily.

“It’s that interplay between corporate tax and personal tax that can lead to some really innovative, creative approaches to managing tax affairs. ..”

In an update provided last week, ATO deputy commissioner Jeremy Hirschhorn said officials had “gone down a rabbit hole” working out how to define what tax billionaires pay, deciding it could provide the data.

But the ATO is worried publishing this data could backfire.

“If we produce potentially misleading data about specified classes of Australians, there’s the potential for a lack of confidence in the tax system,” Mr Hirschhorn said.

“I would say that it is in progress, but we think it is raising novel issues for the tax system, which we are working through.”

Elon Musk and Jeff Bezos’ tax secrets have been revealed and Australian billionaires could be next


Applicationof survival theory in taxation. By: Ulemj, Badam; Rentsen, Enkhbat; Tsendpurev, Batchimeg. Journal of Industrial & Management Optimization. Sep2021, Vol. 17 Issue 5, p2573-2578. 6p. 


HR copes with tax challenges of remote work | Accounting ...


Russia and Its Neighbors, Thirty Years after the Fall Valdai Discussion Club

BuzzFeed’s ‘Community’ Scam Is a Nightmare Come True Discourse Blog


Mafia 'thriving' in Australia, using Covid to traffic drugs

  • The Italian Mafia remains “entrenched” in Australia with a review finding it has flourished during the pandemic.
  • Australia continued to be considered the “sixth state” of Italy from which to further its criminal enterprises.
  • The Interpol initiative found the Mafia used the pandemic to consolidate and flourish particularly in money laundering.


They’re criminals who wear a mask of Irish republicanism to try and hide the fact that they’re criminals”

It’s called ‘the British betrayal’. Great Britain promised Brexit wouldn’t lead to the creation of a new border between the United Kingdom and Northern Ireland. It broke that promise.


Now the province’s Loyalists – those welded to the union with Great Britain – are feeling abandoned.

Troubled Land: British Betrayal - Northern Ireland 

Watch A Bunch Of Journalists Freak Out After Being Asked If They Know Anybody Who Drives A Truck.”