Embattled Labor MP Craig Thomson is facing some serious issues with the Australian Taxation Office, writes Chris Seage, tax consultant and former ATO audit manager.
Bankruptcy
Crikey Clarifier: Crikey Clarifier: why MPs are forced to resign over bankruptcy
Here’s a guide as to why a member of federal parliament cannot be bankrupt, and what else they must and must not be, writes Crikey intern Clare O’Meara.
Benz, Beemer and that pool … Gore doing bankruptcy in comfort
Craig Gore was able to avoid paying almost $500 million in legally owing debts, but it appears that the former rich-lister hasn’t had to give up some of life’s finer things.
Eddie Groves’ revenge: a letter of demand to Austock
The background of Eddie Groves claim provides an interesting insight into the collapse of Groves’ relationship with Austock, which was routinely paid tens of millions of dollars by ABC for providing financial advice.
Business As Usual: UK tax! Now that’s a real tax … China wants America’s bonds … Going broke the only growth sector …
General Motors is back in the black … China is still doing its bit to prop up the US deficit … Countries defaulting? Poll says it’s a chance … Going broke it just about the only growth industry in the US …
CIT becomes one of the largest corporate failures in history
US lender CIT has filed for Chapter 11 bankruptcy. With $71 billion in assets and $65 billion in liabilities, it’s one of the largest corporate bankruptcies on record. Can a speedy court process save its skin?
Lehman Brothers’ downfall: the inside story
A new book recounts the spectacular rise and fall of Lehman Brothers, whose demise ended in the largest bankruptcy filing in US history.
Hooters Australia goes tits up
The Australian arm of US restaurant chain Hooters has been placed in liquidation, with the sale of two of its remaining restaurants imminent.
History’s biggest bankruptcies
Man overboard: GOOD’s excellent infographic of the biggest sinking ships in business history.
Lists: General Motors’ bankruptcy by the numbers
General Motors has filed for bankruptcy, but it’s only the beginning of an entirely new chapter. We crunch the numbers.
Interactive map: GM’s sphere of influence
The Detroit News’s visual display of GM’s plants and manufacturing employees, as well as suppliers and retirees in the United States and around the world.
US Yellow Pages goes bust
Let your fingers join the dole queue: the RH Donnelly printing group, publisher of 600 directories including The Yellow Pages, has filed for bankruptcy.
GM bankruptcy: What does it really mean?
GM are about to go under, which means a few less mansions for some executives and 20,000 workers out of work — but what does it mean for the Average Joe?
Is Annie Leibovitz facing bankruptcy?
An involuntary bankruptcy petition is set to be filed against celebrity photographer Annie Leibovitz, claiming she owes $189,00. If successful, her entire photographic archive could be taken.
newspaper death watch US printing presses grind to a halt
The biggest newsprint maker and the second largest retail mall operator both went bankrupt overnight.
