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Millionaires using super for tax avoidance: Swan

Millionaires using super for tax avoidance: Swan

Social media platform X is back in court sparring with the eSafety Commissioner over keeping Australians safe online.
The latest challenge was filed with the Federal Court on Wednesday.
'eSafety is aware X has filed a judicial review in the Federal Court as to whether eSafety's Relevant Electronic Services (RES) standard should apply to its X platform,' a spokesperson for the regulator said on Thursday.
'The RES standard requires online platforms to take meaningful action to tackle the worst of the worst online content, including child exploitation and abuse material.
'eSafety is prioritising its efforts on ensuring all platforms and services meet their obligations under the Online Safety Act to address high-impact and harmful content to keep Australians safe online.'
The agency said it was assessing the latest court documents filed by X Corp and would consider its next steps.
It is not the first time controversial billionaire Elon Musk, who owns X Corp, has been involved in a legal tit-for-tat with Australian authorities.
The online safety regulator issued a financial penalty of $610,500 to X in February 2023, alleging the social network failed to adequately respond to questions about how it tackled harmful content on its platform, including child sexual abuse material.
X Corp appealed, in ongoing court proceedings, arguing it did not exist when the commissioner issued a transparency notice to Twitter regarding child sexual abuse material.
In April 2024, the commissioner issued an edict to X, formerly known as Twitter, to remove graphic content after clips of Sydney Bishop Mar Mari Emmanuel being stabbed remained on the platform.
During the months-long saga, Musk accused the Australian government of suppressing free speech. He called the Australian government 'fascists' over attempts to tackle deliberate lies spread on social media.
Several politicians hit back, with Prime Minister Anthony Albanese labelling Musk an 'arrogant billionaire'. The safety commissioner later discontinued the Federal Court proceedings.

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His involvement with the Trump administration has provoked widespread protests at Tesla sites, driving down sales while investors fretted that Musk's attention was too divided. with AP US President Donald Trump is not interested in talking with his former ally Elon Musk, amid a bitter feud over the president's sweeping tax-cut bill, a White House official said, adding that no phone call between the two men is planned for the day. A separate White House official had said earlier that Trump and Musk were going to talk to each other on Friday. "I'm not even thinking about Elon. He's got a problem, the poor guy's got a problem," Trump told CNN on Friday morning. Trump, the world's most powerful leader, and Musk, the world's richest man, battled openly on Thursday in an extraordinary day of hostilities - largely over social media - that marked a stark end to a close alliance. Shares in Musk's Tesla rose 4.5 per cent when markets opened on Friday. In Thursday's session, the stock dived 14 per cent and lost about $150 billion in value, the largest single-day decline in the electric vehicle maker's history. Musk bankrolled a large part of Trump's presidential campaign and was then brought to the White House to head up a controversial effort to downsize the federal workforce and slash spending. The falling-out began brewing days ago when Musk, who left his role as head of the Department of Government Efficiency a week ago, denounced Trump's tax-cut and spending bill. The feud is complicating efforts to pass the bill, which is the president's main demand of the Republican-controlled Congress. Musk has denounced the package, which contains most of Trump's domestic priorities, as a "disgusting abomination" that would add too much to the nation's $36.2 trillion in debt. The package narrowly passed the House of Representatives last month and is now before the Senate, where Republicans say they will make further changes. Nonpartisan analysts say it would add $2.4 trillion in debt over 10 years. House Speaker Mike Johnson said he has been in touch with Musk. "I don't argue with him about how to build rockets and I wish he wouldn't argue with me about how to craft legislation and pass it," he said on CNBC. Trump had initially stayed quiet while Musk campaigned to torpedo the bill, but broke his silence on Thursday, telling reporters he was "very disappointed" in Musk. "Look, Elon and I had a great relationship. I don't know if we will anymore," he said. The pair then traded barbs on their social media platforms: Trump's Truth Social and Musk's X. "Without me, Trump would have lost the election," wrote Musk, who spent nearly $300 million backing Trump and other Republicans in last year's election. Musk also asserted that Trump's signature import tariffs would push the US into a recession and responded "Yes" to a post on X saying Trump should be impeached. That would be highly unlikely given Trump's Republicans hold majorities in both chambers of Congress. Trump, for his part, suggested he would terminate government contracts with Musk's businesses, which include rocket company SpaceX and its satellite unit Starlink. Musk, whose space business plays a critical role in the US government's space program, responded that he would begin decommissioning SpaceX's Dragon spacecraft, which is the only US spacecraft capable of sending astronauts to the International Space Station. He backed off the threat later in the day. Musk had already said he planned to curtail his political spending, and on Tuesday he called for "all politicians who betrayed the American people" to be fired next year. His involvement with the Trump administration has provoked widespread protests at Tesla sites, driving down sales while investors fretted that Musk's attention was too divided. with AP US President Donald Trump is not interested in talking with his former ally Elon Musk, amid a bitter feud over the president's sweeping tax-cut bill, a White House official said, adding that no phone call between the two men is planned for the day. A separate White House official had said earlier that Trump and Musk were going to talk to each other on Friday. "I'm not even thinking about Elon. He's got a problem, the poor guy's got a problem," Trump told CNN on Friday morning. Trump, the world's most powerful leader, and Musk, the world's richest man, battled openly on Thursday in an extraordinary day of hostilities - largely over social media - that marked a stark end to a close alliance. Shares in Musk's Tesla rose 4.5 per cent when markets opened on Friday. In Thursday's session, the stock dived 14 per cent and lost about $150 billion in value, the largest single-day decline in the electric vehicle maker's history. Musk bankrolled a large part of Trump's presidential campaign and was then brought to the White House to head up a controversial effort to downsize the federal workforce and slash spending. The falling-out began brewing days ago when Musk, who left his role as head of the Department of Government Efficiency a week ago, denounced Trump's tax-cut and spending bill. The feud is complicating efforts to pass the bill, which is the president's main demand of the Republican-controlled Congress. Musk has denounced the package, which contains most of Trump's domestic priorities, as a "disgusting abomination" that would add too much to the nation's $36.2 trillion in debt. The package narrowly passed the House of Representatives last month and is now before the Senate, where Republicans say they will make further changes. Nonpartisan analysts say it would add $2.4 trillion in debt over 10 years. House Speaker Mike Johnson said he has been in touch with Musk. "I don't argue with him about how to build rockets and I wish he wouldn't argue with me about how to craft legislation and pass it," he said on CNBC. Trump had initially stayed quiet while Musk campaigned to torpedo the bill, but broke his silence on Thursday, telling reporters he was "very disappointed" in Musk. "Look, Elon and I had a great relationship. I don't know if we will anymore," he said. The pair then traded barbs on their social media platforms: Trump's Truth Social and Musk's X. "Without me, Trump would have lost the election," wrote Musk, who spent nearly $300 million backing Trump and other Republicans in last year's election. Musk also asserted that Trump's signature import tariffs would push the US into a recession and responded "Yes" to a post on X saying Trump should be impeached. That would be highly unlikely given Trump's Republicans hold majorities in both chambers of Congress. Trump, for his part, suggested he would terminate government contracts with Musk's businesses, which include rocket company SpaceX and its satellite unit Starlink. Musk, whose space business plays a critical role in the US government's space program, responded that he would begin decommissioning SpaceX's Dragon spacecraft, which is the only US spacecraft capable of sending astronauts to the International Space Station. He backed off the threat later in the day. Musk had already said he planned to curtail his political spending, and on Tuesday he called for "all politicians who betrayed the American people" to be fired next year. His involvement with the Trump administration has provoked widespread protests at Tesla sites, driving down sales while investors fretted that Musk's attention was too divided. with AP US President Donald Trump is not interested in talking with his former ally Elon Musk, amid a bitter feud over the president's sweeping tax-cut bill, a White House official said, adding that no phone call between the two men is planned for the day. A separate White House official had said earlier that Trump and Musk were going to talk to each other on Friday. "I'm not even thinking about Elon. He's got a problem, the poor guy's got a problem," Trump told CNN on Friday morning. Trump, the world's most powerful leader, and Musk, the world's richest man, battled openly on Thursday in an extraordinary day of hostilities - largely over social media - that marked a stark end to a close alliance. Shares in Musk's Tesla rose 4.5 per cent when markets opened on Friday. In Thursday's session, the stock dived 14 per cent and lost about $150 billion in value, the largest single-day decline in the electric vehicle maker's history. Musk bankrolled a large part of Trump's presidential campaign and was then brought to the White House to head up a controversial effort to downsize the federal workforce and slash spending. The falling-out began brewing days ago when Musk, who left his role as head of the Department of Government Efficiency a week ago, denounced Trump's tax-cut and spending bill. The feud is complicating efforts to pass the bill, which is the president's main demand of the Republican-controlled Congress. Musk has denounced the package, which contains most of Trump's domestic priorities, as a "disgusting abomination" that would add too much to the nation's $36.2 trillion in debt. The package narrowly passed the House of Representatives last month and is now before the Senate, where Republicans say they will make further changes. Nonpartisan analysts say it would add $2.4 trillion in debt over 10 years. House Speaker Mike Johnson said he has been in touch with Musk. "I don't argue with him about how to build rockets and I wish he wouldn't argue with me about how to craft legislation and pass it," he said on CNBC. Trump had initially stayed quiet while Musk campaigned to torpedo the bill, but broke his silence on Thursday, telling reporters he was "very disappointed" in Musk. "Look, Elon and I had a great relationship. I don't know if we will anymore," he said. The pair then traded barbs on their social media platforms: Trump's Truth Social and Musk's X. "Without me, Trump would have lost the election," wrote Musk, who spent nearly $300 million backing Trump and other Republicans in last year's election. Musk also asserted that Trump's signature import tariffs would push the US into a recession and responded "Yes" to a post on X saying Trump should be impeached. That would be highly unlikely given Trump's Republicans hold majorities in both chambers of Congress. Trump, for his part, suggested he would terminate government contracts with Musk's businesses, which include rocket company SpaceX and its satellite unit Starlink. Musk, whose space business plays a critical role in the US government's space program, responded that he would begin decommissioning SpaceX's Dragon spacecraft, which is the only US spacecraft capable of sending astronauts to the International Space Station. He backed off the threat later in the day. Musk had already said he planned to curtail his political spending, and on Tuesday he called for "all politicians who betrayed the American people" to be fired next year. His involvement with the Trump administration has provoked widespread protests at Tesla sites, driving down sales while investors fretted that Musk's attention was too divided. with AP

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