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Four Corners Exposes $50 Billion ATO Losses

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ABC investigative reporters at work, as Four Corners exposes $50 billion ATO losses. The old joke about feeling like a mushroom, kept in the dark and fed on shit, comes to mind when considering what really goes in the halls of power. Macro corruption is the term used to describe the situation in Australia, where the amounts are very large when dirty deeds are done downunder. Scamming millions of dollars from the tax office via bogus GST claims would be an unlikely occurrence one would think. I mean, the ATO is a pillar of our whole national edifice, so it must be bristling with top line security, right? Wrong, it is a $50 billion black hole bad joke on that score.Continue Reading

banknotes with a portrait of a lady printed

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Australian banks do not even have enough staff employed in their scam crisis emergency departments to take your call in a timely manner. Calling the Commonwealth Bank you can be on hold waiting to talk with someone about your disappearing money until it is too late. Scamming and Australian banks: The real story. The Big 4 Banks, ANZ, CBA, NAB, and Westpac won’t take responsibility for securing your money from scammers, despite the fact that they are supposed to be banks, first and foremost. In the old days, banks locked up your money and that is why you deposited your hard earned money there in the first place. Not today, banks are all about convenience and not security. They don’t offer any interest on your savings so what is the point of them. They skim off the top of every transaction, so, when your hard earned money is scammed from you, they don’t care, as they make money on the transaction anyway.Continue Reading