Never assume that people in positions of responsibility are behaving responsibly.
Australia forms new joint law enforcement effort to tackle online investment fraud
OECD pressed Australia to drop plan to reveal where multinationals pay tax
The Declaration of Independence complained that Britain was “imposing Taxes on us without our Consent,” and Americans rallied around the idea of “no taxation without representation.” They wanted to be taxed by officials they elected, not by a faraway government that wasn’t accountable to them.
Huang: Modernizing Tax Regulatory Review
APS issued official guidance on workplace use of ChatGPT, Bard AI and Bing AI
Audit office to test ethical frameworks at ATO and DEWR
Seven public servants criticised in robodebt report as agencies consider response
Kelly says Trump wanted to use IRS to come after Lisa Page and Peter Strozk and we’re supposed to believe the Comey and McCabe audits were random?!
BUSTED: John Kelly Just Signed An Affidavit Trump Illegally Wanted To Sic FBI, IRS, On His Enemies
Australia becomes first country to legalise medical psychedelics Sky News
As Department of Finance head Jenny Wilkinson was issuing new guidelines last month for Commonwealth tenders to consider governance concerns, the Tax Office was doubling down on its commitment to troubled tech stock Nuix with a whopping $6.8 million contract extension.
Nuix and its board is facing civil action from ASIC over what the corporate regulator says was breaches of directors’ duties and continuous disclosure obligations. ASIC also has an insider trading investigation over shares traded by Nuix CEO Jonathan Rubinsztein announced publicly to the market in May of this year. Then there’s the class action over the 2020 prospectus.
ATO punts $6.8m on Nuix Neil Chenoweth
RICHARD FERNANDEZ: The New Information World Order.
Meta has decided to launch its own social media app in a direct challenge to Twitter. The WSJ writes: “Let the battle begin. Facebook parent Meta Platforms on Wednesday announced the launch of Threads, a stand-alone microblogging app that takes direct aim at Twitter as user unrest in that platform has grown since Elon Musk took the company over in October.”
The rise of social media as a news source and opinion shaper is eating away at the influence of traditional media platforms. Fewer people, mostly oldsters, still watch TV. Already, “almost half of Americans use social media as a news source, according to the Pew Research Center.” With the 2024 elections right around the corner, Musk’s acquisition of Twitter cannot go unanswered.
But the phenomenon is larger than just confirming the increasing importance of social media for news. Many separate pieces are moving toward what might be called a new information system that will have far more potential impact than the old tube. Social media, AI and even crypto are converging in as yet poorly understood ways to comprise an emerging environment.
All the players are still trying to build silos though, which do no favors to the free flow of information that the internet originally promoted.