Opponents of the ban argue that punitive regulations will make it harder for Austrian companies to compete and will further discourage businesses from locating and investing in the United States. Proponents of the of the ban argue they should be outlawed because they have a long history of being vehicles for tax evasion, money laundering, illicit arms dealing and funding terrorism. The Australian Tax Office identified more than 800 individuals who were using the law firms services. The release of the documents renewed proposals for laws banning the use of offshore accounts and tax havens. The document exposed how world leaders and wealthy individuals hide money in secret offshore tax shelters. In April 2017, Wikileaks released 11.5 million confidential documents, known as the Panama Papers, which provided detailed information on 214,000 offshore companies serviced by the Panamanian Law Firm, Mossack Fonesca. The benefits of an offshore bank account include tax reduction, privacy, currency diversification, asset protection from lawsuits, and reducing your political risk. Should Australian citizens be allowed to save or invest their money in offshore bank accounts?Īn offshore (or foreign) bank account is a bank account you have outside of your country of residence. Opponents argue that a UBI would be detrimental to economies by encouraging people to either work less or drop out of the workforce entirely. Proponents of UBI argue that it will reduce or eliminate poverty by providing everyone with a basic income to cover housing and food. In the Alaska Permanent Fund each individual and family receives a monthly sum that is funded by dividends from the state’s oil revenues. The longest running UBI system in the world is the Alaska Permanent Fund in the U.S. Several countries, including Finland, India and Brazil, have experimented with a UBI system but have not implemented a permanent program. The funding for Universal Basic Income comes from taxation and government owned entities including income from endowments, real estate and natural resources. Have something to add to this story? Share it in the comments.Do you support a universal basic income program?Ī Universal Basic Income program is social security program where all citizens of a country receive a regular, unconditional sum of money from the government. AEST Added clarification from ISideWith that while it does use cookies on the site, it does not sell them.
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Voting is hard, so this Saturday, let the Internet help. "With economic issues, it's very similar to the Republicans here in the United States, but with social issues, it's much more liberal," he said. For example, even Australian conservatives skew more to the left on social issues than in the U.S. The site is funded through display advertising.įor Peck, having a bird's eye view on elections around the world has been fascinating, with the subtle differences between electorates proving most interesting. "We just publish it through our polls so everyone can see it." Peck later clarified that while it does use temporary cookies to keep users logged in as they move around the site, it does not sell them to advertisers. "We don't use cookies, so all the data is stored with us," he explained. The site has a strict privacy policy, Peck said, and data is not sold on to third parties.
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"Once break 1 percent of people who say they would vote for the party on our quiz, then we add them in," Peck said.Īll of the data collected by ISideWith is published, depersonalised on its poll page, with specific results broken down for issues like marriage equality, foreign aid or free trade.
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Smaller independent parties have also been added to the site's poll that asks with which party voters most identify. "If we make one slight tweak to one question, we could go from 10 percent of our users answering the question to 95 percent."Ĭurrently, the Australian quiz has about 32 questions for users to answer and delivers results that suggest voter alignment with the Labor Party, the Australian Greens, the Liberal Party, the Liberal Democrats and the Family First party.
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"We look at all the analytics on our site and ask, 'People from the Greens party, which issues are they answering and which aren't they answering?' 'Are we missing a position that would identify their beliefs?'" Peck explained. If no one is answering a question, for example, or if it's considered too wonky, it will be removed. To decide which questions to include in the Australian quiz, Peck said they hired freelance researchers locally in the months leading up to the election. Creating the site's recommendation engine is something of a science.