“You have their involvement disguised or concealed by a $2 company with directors who are associates of the Obeids, but with a different surname,” he says.
“They love a little trustee, a discretionary trust in which these people who are cooperative agree to hold benefits on trust for the Obeid family.”
The sleepy seaside town of Hawks Nest in the Obeids' sights - ABC
He was a criminal hacker. Now he protects companies from people like him.
Former hacker Bastian Treptel reveals how you can keep your data secure
The warning emerged just one day after the Australian Financial Review published a report detailing how the ATO was aware that it lacked a dedicated “oversight committee”, five months into the program. However, some said the report was “overblown”.
ATO urges caution on publication of JobKeeper documents, responding to reports
55 corporations paid no federal income tax in 2020
“Senators Warren, King, and Wyden Announce Updated Proposal To Prevent The Biggest And Most Profitable Corporations From Paying Nothing In Federal Taxes. The Corporate Profits Minimum Tax Would Raise Hundreds of Billions in Revenue While Creating a Fairer Tax System. Updated Proposal to be Included as a Pay-for in the Build Back Better Plan…”
ProPublica: 18 Billionaires Received Taxpayer-Funded Stimulus Checks During The Pandemic
ProPublica, using its trove of IRS records, identified at least 18 billionaires who received stimulus payments, which were funded by U.S. taxpayers, in the spring of 2020. Hundreds of other ultrawealthy taxpayers also got checks.
The wealthy taxpayers who received the stimulus checks got them because they came in under the government’s income threshold. In fact, they reported way less taxable income than that — even hundreds of millions less — after they used business write-offs to wipe out their gains.
ProPublica found 270 taxpayers who collectively disclosed $5.7 billion in income, according to their previous tax return, but who were able to deploy deductions at such a massive scale that they qualified for stimulus checks. All listed negative net incomes on tax returns.
Prior coverage:
- ProPublica: America's Richest People Pay Little To Nothing In Federal Income Taxes (June 8, 2021)
- Dorothy Brown And David Cay Johnston Discuss Yesterday's ProPublica's Report On The Tax Secrets Of The .001% (June 9, 2021)
- Dorothy Brown On The ProPublica Tax Report, Racial Justice, And The Gig Economy (June 14, 2021)
- ProPublica: How Peter Thiel Turned $2,000 In A Roth IRA Into $5,000,000,000 (June 28, 2021)
- ProPublica: Why You Can’t Turn Your Roth IRA Into a Billion-Dollar Tax Shelter (July 1, 2021)
- ProPublica: The Billionaire Playbook — How Sports Owners Use Their Teams To Avoid Millions In Taxes (July 12, 2021)
- ProPublica: The Number Of People With IRAs Worth $5 Million Or More Has Tripled, Congress Says (July 29, 2021)
- ProPublica: Secret IRS Files Reveal How Much the Ultrawealthy Gained by Shaping Trump’s “Big, Beautiful Tax Cut” (Aug. 11, 2021)
- ProPublica: How The Trump Tax Law Created A Loophole That Lets Top Executives Net Millions By Slashing Their Own Salaries (Aug. 20, 2021)
- ProPublica: House Bill Would Blow Up The Massive IRAs Of The Superwealthy (Sept. 22, 2021)
- ProPublica: More Than Half Of America’s 100 Richest People Exploit GRATs To Avoid Estate Taxes (Sept. 30, 2021)
Is human consciousness creating reality? Big Think Exceptionalism reaches a new level.
‘Useless Specks of Dust’ Turn Out to Be Building Blocks of All Vertebrate Genomes Science Alert Hhm, “…from dust to dust” pretty accurate after all.
It’s Really Weird How Little We Talk About Humanity’s Imminent Doom Caitlin Johnstone Not necessarily humanity but what we consider to be civilization.
Satellite images show new Russian military buildup near Ukraine Politico
Nord Stream 2 Is Still Months From Easing Europe’s Gas Woes Bloomberg
The Booming Underground Market for Bots That Steal Your 2FA Codes Vice
Lifehacker - 10 Privacy Settings Every Amazon User Should Enable Right Now – “Amazon is so deeply entrenched in our lives that we all have a ton of info connected with the company. Even if you somehow haven’t directly used Amazon for shopping, you probably have used a Kindle, an Echo, or simply asked Alexa a question or two. If you’ve had a brush with Amazon anywhere, you should take a look at your account to check if your privacy settings are in order…and there are quite a few preferences that you should tweak for better privacy, or simply for a better user experience…”
