1161

I have a question about offshore tax havens that no one has ever been able to answer. Can you name one legitimate reason to keep your money in a tax haven? 

The media keeps implying that there must be one. They keep pointing out (mostly to avoid the libel laws) that using a tax haven does not necessarily involve illegality or “wrongdoing”.

But what form of activity that isn’t wrong could possibly involve stashing your cash offshore? And why should we shy away from saying that starving the public purse of money is itself wrongdoing?

Three Tamil political prisoners, who had been on hunger strike for 38 days, ended it on November 4.

Road and rail blockades organised by the Committees in Defence of the Republic (CDR) paralysed traffic movement across Catalonia on November 8.

The blockades were part of a day of protest action aimed against the Spanish government’s takeover of the Catalan government and parliament, and the detention of eight Catalan government ministers.

Tony Abbott was elected in 2013 on the “promise” that the Coalition’s proposed industrial relations legislation, Work Choices, was “dead, buried and cremated”.

Of course, few workers genuinely believed that an incoming Coalition government would keep its word. Certainly, construction workers knew it was only a matter of time before they were in the firing line.

In an astounding display of bureaucratic arrogance, the chief of the company building the controversial $17 billion WestConnex tollway complex described the reintroduction of tolls on the widened M4 motorway as "exciting", while dismissing concerns about the health impacts of exhaust ventilation stacks planned for the route of the WestConnex tunnels.

The future of Adani’s proposed Carmichael mine in the Galilee Basin has become intertwined with the Queensland state elections called for November 25, with the mega coalmine confronting serious problems in obtaining finance for the project.

Over the past year, Adani has been increasingly unable to secure the $5 billion it needs from private sources, as various financial institutions have begun shifting investments away from coal and towards renewables.

Under pressure from grassroots campaigns, Australia’s Big Four banks have ruled out financing the project.

The results of the non-binding voluntary survey on same-sex marriage will be announced on November 15.

Irrespective of the outcome, we will need to continue to fight not only to achieve marriage equality but to combat the right's bigotry.

The following speech was given by Socialist Alliance Sydney branch organiser Peter Boyle to the 100 years since the Balfour Declaration symposium organised by the Palestine National Corporation in Australia, in Lakemba on November 3.

A seminar to discuss the challenges, achievements and lessons of the Kurdish-led feminist revolution in northern Syria, in Victoria University on November 4, attracted more than 80 people. It was the second seminar to be organised this year by solidarity activists and the Victorian Kurdish community in Melbourne.

The Australian operations of mining giant Glencore have been implicated in the Paradise Papers revelations – the largest leak of documents in history.

The Paradise Papers show that Glencore was involved in currency swaps of up to $25 billion between the Bermuda-based and Australian-based arms of its company.

While theoretically "legal”, these types of swaps are being investigated by the Australian Tax Office under suspicion they may be used to avoid tax by shuttling interest payments from high-tax nations to low-tax jurisdictions.

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