ANZ

At ANZ’s Annual General Meeting in December last year, chairperson David Gonski asked why any corporation would stay in Australia where they are taxed "so highly" in comparison to other countries?

The response to this is that companies should be made to pay even more tax, and those which pay none should be made to pay. More than one third of large public and private companies paid no tax in 2014-15.

The latest Household, Income and Labour Dynamics in Australia Survey: Selected Findings (HILDA) report shows that the proportion of home ownership has declined in all parts of Australia, with the greatest declines in NSW and Victoria.

Thereport, released on July 20, reveals that owning a house is no longer the norm and it is likely that renters will outnumber home-owners in the next few years.

A controversy broke out at Sydney's Mardi Gras on March 6 when organisers threatened to ban the No Pride In Detention refugee rights float if they criticised Opposition leader Bill Shorten's refugee policies.

And fair enough. The Mardi Gras was begun by people demanding basic human rights and an end to dehumanisation and unjust repression, so there's obviously no connection with the current bipartisan treatment of refugees.

A major victory has been won by ANZ workers and the Finance Sector Union (FSU) against ANZ bank.

On February 16 ANZ’s proposed changes to the enterprise bargaining agreement were rejected by 64% of union members. This victory for ANZ staff came on the same day that ANZ announced a new CEO for its Australian operations.

“Thousands of staff have said NO to a broken pay model, clawbacks on job security, hours of work and penalty rates,” said National Secretary of the FSU Fiona Jordan.

US gangster Al Capone once said: “Capitalism is the legitimate racket of the ruling class.” 19th century US president Thomas Jefferson said: “Banking institutions are more dangerous to our liberties than standing armies.”

These quotes capture the bastard nature of the dangerous racket that is the Australian banking cartel.

See also:
Socialist candidate says fight private bank ripoffs

Australia’s big banks would like you to think they care about climate change and the environment. But don’t believe them.

A new report by Greenpeace Australia has revealed the “big four” — Westpac, ANZ, Commonwealth and NAB — are investing billions of dollars in Australia’s dirty coal boom.

Burning coal for energy is Australia’s single biggest contributor to climate change, making more than a third of the country’s greenhouse gas pollution. Australia is also the world’s biggest coal exporter — and the export trade is growing fast.

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