Michael West, University of Sydney Like its Big Pharma peers, Gilead Sciences enjoys lavish taxpayer subsidies via the Pharmaceutical Benefits Scheme (PBS). It also makes large profits, but it pays little in the way of income tax in this country. So, like its peers, Gilead is...

Michael West, University of Sydney Nowhere is the impotence of politicians and regulators more costly than in their failure to stand up to multinational corporations dodging tax. The Tax Office now publishes an annual list of Australia’s 1,900 largest companies, which shows their revenue,...

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