How Macquarie became a world force
Macquarie Group's first tentative steps on the road to becoming a global powerhouse started with a bloke named Bill Best.
Macquarie Group's first tentative steps on the road to becoming a global powerhouse started with a bloke named Bill Best.
In a decade, Macquarie has become America's second biggest gas trader and one of its largest infrastructure managers. The second part of our series explains how.
Macquarie's European business has quietly become such a force in renewable energy it was seen as the natural owner of the UK government's £2.3 billion green bank. It also manages farmland the size of Belgium. Part 3 of our special series explains how.
Asia might be on Macquarie's doorstep, but the group is playing the long game in the region where "the rise of cities along with the rise of capital" will change the face of business over the next century.
Macquarie's culture is very much based on a "tough love" approach. A second defining characteristic is Macquarie's ever-vigilant watch for bargains.
Investing in companies with boards with relevant experience and with directors with financial interests aligned to the interests of shareholders is no guarantee of success. But it is a good starting point.
Money might make Macquarie's world go round, but the group's growth is down to its unique culture.
Lachlan Murdoch was ordering a $US7 million yacht in May 2000, at a time when News Corporation was investing a final $140 million in failing telco OneTel.
Westpac opened an $850,00 account for a secret company linked to a Kazakh multimillionaire politician without doing any identity checks, the Paradise Papers show.
Asiaciti, one of the Asia-Pacific's biggest offshore specialists, provided secretive companies for clients across the globe.
The Tax Office has hit out at "ineffective and unrealistic" schemes being promoted to US companies identified in the Paradise Papers to set up exotic offshore structures.
Revelations from the files - one of the largest document leaks in history - have triggered headlines around the world this week.
Royalties from thousands of American classics have been tucked away tax-free.
Why the law firm at the centre of the Paradise Papers leaks abandoned an attempt to set up a Sydney beachhead.
It's different here: A lawyer who worked at the firm at the centre of the Paradise Papers investigation says there was not the "same understanding of director duties" in the British Virgin Islands as there is in Australia.
Engie took a $1 billion dividend from its Loy Yang power station while it complained that a $500 million handout wasn't enough compensation for the carbon tax.
Much or most of what is contained in the Paradise Papers may be legal. But there is no doubt that some of it serves to reduce the tax that would otherwise be due.
A Tax Office investigation in Jersey sought assets of both the deceased Allco Finance boss and the RAMS Home Loan Founder charged with tax avoidance last week.
Records reveal huge overseas hoards tied to hedge fund tycoon and Democratic donor James Simons and other ultra-wealthy people.
A leak of offshore records provides a glimpse into the finances of major Republican and Democratic contributors.
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