Personal Finance

Economic Violence is Family Violence

Most women who face economic abuse do not see it as family violence. However, the Victorian Royal Commission on Family Violence connected the two.  Economic abuse has only recently been recognised as part of family violence in Australian law.

Featured Articles

A Student Loan Alternative for Low Earners

Millions of Americans are struggling to pay for college. Nearly 10 million students and their families took out almost US$100 billion in student loans from the federal government in the 2014-15 academic year, pushing outstanding student loan debt to a trillion dollars by the end of 2015.

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Africa's Lost Billions

Over the last 50 years, African countries have lost about $1 trillion to illicit financial flows. This equates to around $50 billion a year and is equivalent to all the official development assistance received by the continent over the same period. It is enough to wipe out Africa’s total external debt of around $250 billion and still leave $600 billion for poverty alleviation and economic growth.

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Let's Use Wales to Explain Tax Devolution?

Yet again, the recent Welsh assembly election campaign was primarily about how best to spend public money. However, recent developments mean devolved elections in Wales will soon focus on how best to raise public money, too.

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Australia could Tackle Tax Avoidance with Open Data

Imagine if Australia’s economy was as efficient as Silicon Valley is. It is not that absurd an idea and the keys are potentially at the government’s disposal.  In the US, technology sector companies including Mattermark and CB insights are now providing a “CIA-like” business data intelligence services about private companies in the startup ecosystem. They collect data on anything and everything, distilling it all into “signals” that may provide clues on who may become the next Apple, Google or Uber.

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A Corporate Approach to Tax Collection

The release of the Panama papers is yet to reach its endgame, but there are some clear truths we can take from it. People or businesses that don’t pay their taxes – whether deliberately or through ignorance – undermine state revenues.

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Filling the Tax Gap

The so-called Panama Papers span thousands of pages, revealing that many of the world’s elite have been hiding their money in offshore accounts in an attempt to shield their income from taxes.  Their release – the biggest data leak in history – depicts a world of rampant tax noncompliance. However, it also reveals just how vulnerable all electronic data in the 21st century are to discovery.

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Robin Hood is not Working in the U.K.

The aim of progressive taxation and the welfare state is to redistribute wealth from the richest to the poorest in an effort to erode the worst aspects of poverty and inequality. How well the British tax and benefits system is doing towards this aim can be seen in the latest, newly released inequality statistics from the Office of National Statistics.

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Tax Authorities Get it in Gear

The Australian Taxation Office is reported to be playing a “lead role” in sharing intelligence between tax officials from OECD countries, as part of the continuing fallout from the revelations of the Panama Papers. The Joint International Tax Shelter Information Collaboration, which is chaired by ATO head Chris Jordan, was being convened in Paris overnight, Australian time.

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