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Income tax proposal a cop out

The Liberals are proving they're not up to the task of tax reform, again dumping their budget problems on state and territory governments, the Australian Greens have said.

"The Turnbull Government doesn't have the ticker to take on any difficult areas of reform so it's looking for an easy way out," said Greens Leader Richard Di Natale.

"Instead of having the courage to take on unfair tax breaks like negative gearing, capital gains tax and fossil fuel subsidies, the PM is surrendering on real reform.

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Raise revenue from those who can most afford to pay

Analysis by the Parliamentary Budget Office shows the government could raise more than $4 billion over the forward estimates by making the temporary deficit levy permanent, and by introducing a new tax bracket for annual incomes of over $1 million.

“You know tax reform is right when it reduces inequality and raises enough revenue to pay for the services the community wants,” said Greens Leader Richard Di Natale.

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A better tax reform debate

I think the government's problems on this tax reform debate, indeed the government's problems under its former Prime Minister Tony Abbott, can be sheeted home to the simple proposition that really is its underlying philosophy. That proposition is this: this government, consistent with their philosophy, want to reduce taxes—income taxes, corporate taxes—and the cost of doing that is that we then do not have the revenue to fund essential services, things like health care, education, or to fund vital public infrastructure.

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Question – The government’s abandonment of tax reform

My question is for the Minister representing the Prime Minister, Senator Brandis. Reports today indicate that your government has walked away from major tax reform, and yet today you have announced a major increase in defence spending. Given the so-called budget emergency and your refusal to end huge tax concessions like negative gearing and like the concessions in the superannuation system, Minister, how do you intend to pay for it?

George Brandis (Queensland, Liberal Party, Attorney-General)  

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The reality of the Turnbull Government

I rise to speak to today's matter of public importance.

There was a national sigh of relief when Tony Abbott was replaced by Malcolm Turnbull. Most Australians gave the new Prime Minister the benefit of the doubt. We were pleased to see the end of Tony Abbott's divisive politics. We hoped that it would mark a turning point on so many critical issues-issues like climate change, getting children out of detention and marriage equality-that we would finally be able to transition our economy and set ourselves up for those industries of the future-

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Greens vote tightens the net on multinational tax avoiders

Australia has this week joined 30 other countries in signing a new agreement to combat multinational tax avoidance, after the Greens supported the facilitating legislation on the final parliamentary sitting day of 2015.

"Australia nearly missed the chance to get started on this information-sharing project, which we know will put pressure on multinational tax avoiders," said Greens Leader Richard Di Natale.

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