Joe Hockey claims $1000 a month in travel allowance to sleep at his wife’s house: TREASURER Joe Hockey has charged taxpayers $184,000 to sleep in his wife’s $2 million Canberra home since he was elected to Parliament — more than half of the original sale price. ... [but because] Hockey has encouraged other MPs to share the house and pay rent to his wife when Parliament sits the costs to the taxpayers don’t stop there. ... taxpayers are likely to have spent more than the original $320,000-asking price.
Follow the money: inside the world's tax havens | Business | The Guardian: If you blinked, you may have missed what happened here. It cost EcuadorCo $1,000 to pick and pack the container, and they sold it on for $1,000. So EcuadorCo records zero profits, meaning no taxes. Likewise, FranceCo buys it for $3,000 and sells it to the supermarket for $3,000. Again, no profits, and no taxes. HavenCo is the key to the puzzle. It bought the container for $1,000 and sold it for $3,000 – a $2,000 profit. But it is based in a haven, so it pays no tax. In short, all the profits have been stripped out of France and Ecuador, and shovelled into the haven. Hey presto!
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