With the second and third releases of ATO tax transparency data, the was no reaction from the financial markets at all, not even for those firms included in the disclosures. BEN RUSHTON/AAP

Revealing how much tax companies pay doesn’t move markets or reduce tax avoidance

Mandatory tax return disclosures for large companies were designed to increase public awareness of tax avoidance - but a new study reveals they may not work.
Investors need to know if there is impairment of assets, but research shows firms don’t always disclose all the information they should about this. Dean Lewins/AAP

Companies may be misleading investors by not openly assessing the true value of assets

Managers of well-known Australian companies are misleading investors by taking years to recognise asset impairments and not disclosing that information in financial reporting.
Qantas chief Alan Joyce and CFO Gareth Evans have a lot of work to do to return Qantas to profitability. Quentin Jones/AAP

Qantas job cuts just the start in long haul to recovery

Virgin Australia has joined arch rival Qantas in delivering a multi-million dollar half-year loss - albeit on a smaller scale. Both airlines have swung from profit to loss - Virgin from a prior half-year…
Qantas management are weighing up available options to bring the troubled airline back to profitability.

Cost‑heavy Qantas must look beyond government bailout

Yesterday’s Qantas guidance of a first-half loss of up to A$300 million is a continuation of poor financial performance which began in 2009. It’s not since then that Qantas has delivered a return on equity…

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