BFCSA Blog

By finance reporters Elysse Morgan and Rebecca Hyam Updated Thu 27 Mar 2014, 3:15pm AEDT Photo: The tax office says Australians can avoid criminal charges for offshore tax evasion if they come forward now. (www.ato.gov.au/) Related Story: Amnesty in the offing for offshore tax dodgers Map: Australia The tax office is calling on all Australians with offshore assets to declare their interests before a global crackdown on tax evasion. The Australian Taxation Office (ATO) has launched project Do It, which was flagged back in January, and is aimed at providing a last chance for those who have not declared their overseas assets and income before the end of the calendar year. The ATO says Australians can avoid criminal charges for offshore tax evasion if they come forward now. Tax Commissioner Chris Jordan says there will soon be no such thing as a tax haven. "Now, as governments around the world step...

Dear Mr Abbott Your response to Mr Styles is grossly inadequate given what is occurring in the Senate.  I can only assume the Minders have not briefed you on this issue.  Quite simply you are either on the side of the Constituents or on the side of the Banksters.  You are on the side of looking for truth or you are on the side of those who would corrupt our political system.  You are on the side of 100,000 families caught up in the greatest banking scandal in our Nation's 232 year history, or on the side of regulators who blatantly lie to the Senate.  Please ask your colleagues in the Senate to brief you on what is going on up there and take a stand.  Someone has to be on the side of the people, surely? Two of the Families who went through 8 years of agony to win in the recent High Court decision, are your constituents.  I think Johnno...

0 0 0 Sub. 23   Our Submission to the Senate Inquiry “Effects of the GFC on the Australian Banking Sector” Economics References Committee P.O. Box 6110 Parliament House Canberra ACT 2600 23/05/2012   Dear Senators, Before you read this letter, my family & I would like to Thankyou for taking the time to read about our harrowing & disconcerting experience with Commonwealth Bank / Bankwest This is our story - my name is David Crisp & my wife of 46 years is Margaret. I am 67 years of age and I am writing to you because we have had our whole life savings taken by the banking systems of the ‘Commonwealth Bank / Bankwest.   My wife & I have been in business since the age of 21. We have been happily married for 46 years and we have raised 4 wonderful sons. One son works for an airline; the other...

Often when you tell people your story and plight with the banks or to the media- they comment - but you signed the papers. My next question to them is - so you think it is okay that fraud has been committed and that the Banks are profiting from it? Are you saying that the banks are above the law and should not be accountable to the rules set by the law of this country.  No matter which way you look at it - a crime has been commited and it needs to be investigated. Isn't that why we have laws for?  Crime is crime. No sugar coating of it or exceptions. When put that way to most people - they understand better and agree - if fraud has been committed - it needs to be investigated. So if you speak to the media - make sure you ask that question. Remain focused...