I mean you’ve got to ask yourself, the gov’t gets Henry to review the tax system and how to reform it, at the same time the proposed ETS is going to embark on a vast churn from tax payers to the big emitters?

Thanks HSO. I’m still not sure why those two actions are contradictory, if that’s your point, or how that skews the system. A review may mean a different way of taxing or taxing different people to a greater or lesser extent, not necessarily an overall reduction in the tax take. The review maybe taking the ETS into account.
Although in its purest form the ETS should give nothing to anyone, I’m not so sure giving no compensation is the way to go politically. Nor am I sure of the effects it would have on the economy. I suspect not positive.

The murky "truth" behind Satyam - The implications of the Satyam accounting fraud scandal have not been fully appreciated.

Already clients and advisors around the world are distancing themselves from the firm, which received an incredible letter from chairman Ramalinga Raju, admitting to overstating the company’s cash position and systematically fiddling with other accounts over a period of several years. Satyam’s corporate advisors Merrill Lynch terminated its relationship on Wednesday, saying that it had found material accounting irregularities with its contract.

Satyam’s clients include NAB, Telstra and Qantas. Westpac, Optus, Suncorp, Coles, Medibank Private and Seek.com also do work with the Hyderabad-headquartered firm. In Australia, Satyam was readying to build a $75 million IT centre with Geelong's Deakin University. The software development and training centre, which was expected to create 1,400 jobs for the Victorian city, may now be in jeopardy. Satyam currently employs 1,700 people in Australia out of a global workforce of 53,000. Its local spokesman was unable to provide details of other local clients or projects.

NAB is perhaps more at risk than most, having outsourced positions to India after working with Satyam for several years. Satyam was selected by NAB from a competitive pool of contractors, but the offshoring was a controversial decision at the time and one that IT staff inside the Melbourne-based bank described as "very risky."

Satyam nevertheless won the contract. Satyam was recently banned from dealing with the World Bank due to allegations of bribery and improper invoicing.

Boerwar 610, Oh those poor sensitive Liberal staffers!!!!! I have been abused most of my 52 years!!!!! They need to harden up for what ever those conservatives Do?????

There also stories from “Disgruntled Labor Staffers” which also get trotted out saying the same thing. If Staffers of ALL Political Parties can’t hack the argy-bargy of working for a pollie, then really they should be looking for a job somewhere else.

also i feel it will be how history judges Howard/Bush/Blair- FRAUDS

The CFO is reported to have tried to commit suicide.

HYDERABAD: Srinivas Vadlamani, the chief financial officer of Satyam, who is also allegedly involved in the IT company’s financial fraud, attempted suicide early this morning, say market sources. He is, however, safe, sources add.

http://timesofindia.indiatimes.com/India_Business/Satyam_CFO_Srinivas_Vadlamani_attempts_suicide_Sources/articleshow/3955750.cms

Actually, there is another FRAUD that Raju was trying to commit which has not been widely reported. There was deal that he was trying to get Satyam to buy two companies that his sons owned. The purchase price was almost identical to the amount that he has fudged. The deal was rejected by Satyam shareholders and the Board.

Because the price was inflated and the appearance of nepotism. What they are saying now is that the deal was a way for Raju to hide the non existent cash in the bank. So if the sales has gone through, there will be no actual money pass from Satyam to his son companies, as it will be in the family and no one will know. But it will allow Raju to claim that the “cash” has been used to buy his son companies.

the sad, the mad and the bad

Are you sure you don’t work on a Burns Unit? Those are the three categories we place our patients into. The ones who don’t fit into one before their burn always fit into one after.

‘Malcolm Turnbull’s office is not a happy place to work. There have been many recent staff movements out of the office. More are coming. Turnbull is a serial offender — he regularly implodes and abuses people.’

*grins* A RuddBull Convergence?