Tag Archives: investment

WestConnex, the $11.5bn road paved with Coalition gold |

WestConnex, the $11.5bn road paved with Coalition gold | World news | NewsWire
Tony Abbott during a press conference in Sydney for the WestConnex motorway in 2013. Photograph: Paul Miller/AAP

Tony Shepherd, having completed his work heading the Abbott government’s commission of audit and his term as president of the Business Council of Australia, is enthusiastically pursuing his role as chairman of Sydney’s $11.5bn WestConnex road.

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Did Obama Administration Help Delphi Evade U.S. Taxes?

Did Obama Administration Help Delphi Evade U.S. Taxes?

From Bloomberg’s Zachary Mider comes a new allegation regarding the restructuring of (formerly) American parts maker Delphi: the Treasury Department under Obama helped the company re-incorporate in England as part of a tax avoidance strategy. If that’s true, it’s an embarrassing revelation for a President who recently condemned American companies that incorporate abroad as “corporate deserters.” Like many things in the financial world, however, appearances are often deceiving.

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