News Pulse for November 8, 2017

A daily download of SME, startup, fintech and tax news from around Australia.

Apple moved offshore haven to Jersey after Ireland tax crackdown, Paradise Papers reveal

New documents show Apple went shopping for a tax haven after its famed “double Irish” tax avoidance scheme was threatened.

The world’s largest technology company, which faces allegations it has avoided billions of dollars in tax, was among the targets of a 2013 crackdown on international firms exploiting Irish tax loopholes

Australian businesses warm up to Amazon’s arrival

There are enough canaries in the coalmine.

Amazon appears to be growing on Australian retailers, with a recent InsideRetail survey finding SMEs warming up to the idea of selling on Amazon, but larger businesses to be much less enthusiastic about its arrival.

62% of surveyed micro businesses, 56% of small businesses and 53% of medium sized businesses said they saw Amazon’s arrival as an opportunity to grow. Big businesses were the outlier, with only 33% expecting Amazon to be helpful for them.

Alerts for power bill changes

Energy retailers will be required to notify electricity and gas customers when discounts in their contracts are due to change under a Turnbull government push to put downward pressure on household power bills.

The move is an attempt to empower families and small business owners who sign up to

Businesses saddle up for Melbourne Cup

It’s the race that stops the nation but Melbourne Cup is also the race the halts workplaces – and not just in Victoria where the event is marked with a public holiday. While Melbourne Cup festivities are a great way to generate goodwill amongst employees, SMEs must take steps to discharge their duty of care obligations and otherwise ensure the business isn’t adversely affected.

In conversation with Dynamic Business, Lea Fox, Senior Workplace Advisor at Employsure, provided pointers for employers to help ensure their Melbourne Cup Festivities are a boon, rather than a headache, for their business.

Whistleblower safety essential

Amid all the current chaos in Parliament quietly in the background, a vitally important exposure draft on whistleblower protection is making its way through the system.

I have had a number of experiences with whistleblowing over the years and, for the most part, the whistleblower loses out but feels better for having told the truth.

Tips, comments or suggestions? Let me know in the comments, send me an email or tweet me @simeonduncan.


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