Tharunka’s resident postgrad Adrian Rook takes us along as he follows a dollar of corporate profit as it circumnavigates the world, bouncing from tax dodge to tax dodge in what’s known as the Double Irish Dutch sandwich.
The Double Irish with a Dutch sandwich sounds like something you would expect to see on the blackboard menu of a greasy late night burger chain. In fact, it refers to one of the methods used by top multi-national companies like Apple and Google, to avoid paying tax in a number of countries around the world. It may come as a surprise to some that the many of the largest corporate profit earners in Australia are not paying company tax here – though the more cynical among us will probably be unsurprised.
Detaining refugees on Nauru makes no sense when you first look at it, writes Brendan Byron, but when you search deeper, you find that yeah no to be honest it still makes no sense at all.
Nauru is a famous place these days, through ten years of offshore detention that, at its peak, involved twice as many detainees being held there than actual local residents.
But fewer people know that in the 1970s, the island of Nauru – far from being a holding cell for desperate people – had one of the highest living standards of anywhere in the world, thanks to its seemingly inexhaustible supplies of phosphates – specifically, guano.