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The Latest Breaking News from Jason Ward

Adani promised Australia billions from its Carmichael mine but it hasn’t paid a cent in tax. How did we get here?

The coalmine generated millions in revenue in its early days but recorded an operating loss – a pattern that would repeat at scale

The Guardian - AU

Despite $22bn promise, Adani has paid zero corporate tax in Australia and experts think it won’t ever pay a cent

Adani’s Australian assets regularly report annual losses despite strong revenue, in part due to big related-party payments

The Guardian - AU

Consultancy firms divided on controversial tax scheme as ATO threatens action

EY and KPMG won’t end practice of partners legally splitting part of income with spouses to reduce their tax burden

The Guardian - AU

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PwC urged Labor to delay multinational tax transparency laws, Senate submissions reveal

The firm joined the other big four consultancies in calling for the world-leading regime to be postponed or watered down

The Guardian - AU

‘Out of reach’: median home price in Los Angeles nears $1m

House prices have increased more than 30% in five years in the state’s largest city, which has at least 50,000 people living outside

The Guardian - US

'Ahsoka' Report Reveals a Plan to Fix the Strangest Part of Star Wars Canon

Does time travel exist in Star Wars? 'Ahsoka' may finally provide a definitive answer.

Inverse

Russia's refusal to renew grain passage agreement revives concern over food prices

Russia said Monday it would not renew an agreement to safeguard cargo passage on a crucial Black Sea shipping corridor that for months has helped stabilizes global food prices.

Tribune News Service

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‘It left me with nothing’: the debt trap of payday loans

Some payday loans have interest rates as high as 664% – but now Minnesota will cap them at 36%, in line with some other states

The Guardian - US

‘Get your money now’: consultants encourage aged care providers to exploit the system

Exclusive: Mirus Australia tells providers to consider which residents generate ‘higher profit margins’

The Guardian - AU

Aged care analyst warns of ‘alarming lack of transparency’ in how churches spend government grants

Concerns have been raised that religious institutions do not have to show how they are spending millions of dollars of federal funding

The Guardian - AU

Australian aged care providers accused of ‘crying poor’ to lobby for government funding

Analyst suggests some in the industry are misleading the public about their financial position to demand higher fees

The Guardian - AU

Roll call of the dead: The 179 British servicemen and women who paid ultimate price in Iraq

The invasion of Iraq led to the deaths of 179 British personnel between March 2003 and February 2009.

The Independent UK

Rand survey finds homelessness up 18% in LA hot spots where the official count recorded decreases

LOS ANGELES — In a bit of welcome news that was immediately met with skepticism, the Los Angeles Homeless Services Authority reported last summer that homelessness appeared to be leveling off.

Los Angeles Times

Customers claim they were lured into foreign exchange trading and lost hundreds of thousands of dollars

Former customers of an Australian company claim they were lured into the high-risk world of foreign exchange trading under false pretences and subjected to high-pressure sales tactics which contributed to them losing huge sums.

ABC News

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Inverse

Star Wars news hints at a return to a controversial 'Last Jedi' location

The next live-action series on Disney+ is going back to a playground for the wealthy.

Los Angeles Times

Pandemic eviction protections, direct payments kept homelessness in check, study shows

LOS ANGELES — Eviction moratoriums and cash income from extended unemployment insurance and stimulus payments helped thousands of economically vulnerable people in Los Angeles County avoid becoming homeless during the pandemic, a new study has found.

ABC News

Investors are missing millions after Union Standard collapsed. But an offshore company structure is complicating investigations

A flashy Australian finance company that sponsored English football team Sheffield United is under intense scrutiny by liquidators over hundreds of millions of dollars in funds investors claim they are owed.

The Guardian - US

A Los Angeles billionaire spent $100m on an election bid. Could it have helped the city’s housing crisis?

Experts say the amount spent on the failed campaign would not have been enough to build adequate affordable homes

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ABC News

Minimising tax is legal. A new report accuses Microsoft of doing it on a grand scale

Tech company Microsoft has been accused of hypocrisy, for winning huge government contracts but using aggressive methods to minimise the amount of tax it pays to support public services.

Los Angeles Times

LA homeless count raises doubts about accuracy. Is it time for a new way?

LOS ANGELES — When the Los Angeles Homeless Services Authority this month published a spreadsheet breaking down its homeless count by every census tract in the county, those with knowledge of Venice were incredulous.

Los Angeles Times

Many homeless people resist group shelters even as LA mayoral candidates push to build more

LOS ANGELES — The Los Angeles mayoral primary has seen candidates throwing big numbers around concerning how much shelter they’d like to see built for homeless people.

ABC News

Labor and Coalition ramp up pressure on multinational tax avoidance ahead of election

As part of its election pitch to fight multinational tax avoidance, Labor announces plans to tighten legal loopholes that allow big companies to shift profits offshore, as well as to introduce steps to increase transparency.

Tribune News Service

Cargill, other US grain traders monitor conflict in ag-rich Ukraine

U.S. agribusinesses with large operations and investments in Ukraine — often called the breadbasket of Europe — are preparing for a worsening situation as Russia escalates the conflict.

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