Who's taking advantage of the wage subsidy scheme?
Last year the government paid out $14 billion in wage subsidies to businesses as part of the Covid-19 response. This included a number of large companies who went on to deliver big annual profits and dividends to shareholders – and very few of those companies have repaid it. In this week’s episode, Bernard Hickey looks at the ethics of the wage subsidy scheme and asks: where is the accountability? And is the social license that was there for wage subsidies in March 2020 still there now? Guests: Professor Jilnaught Wong from the University of Auckland and Peter Vial of Chartered Accountants Australia New Zealand. Learn more about your ad choices. Visit megaphone.fm/adchoices