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Corporate tax avoidance endemic: billions lost to the big end of town

At the conclusion of three days of hearings in the Senate corporate tax avoidance inquiry, Greens Leader Christine Milne says it is clear that tax avoidance by big business in Australia is endemic and that immediate steps must be taken to prevent further billions in tax being lost to the big end of town.

"Corporate tax avoidance in Australia is endemic. Big business is taking us all for a ride. We need more transparency, not more secrets," Greens Leader Christine Milne said.

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Corporations to front up on tax evasion: Inquiry

With reports today that 10 companies together channelled more than $30 billion out of Australia in a single financial year, Australian Greens Leader Christine Milne says her Senate Inquiry into corporate tax avoidance couldn't start soon enough.

"It's time to make sure that as a nation we've got the money we need for health, for education and to look after our environment, rather than see these multinational corporations organise themselves to rip off Australia," said Senator Milne.

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Super concessions policy ready now: $10 billion from Greens

An independent costing requested by the Australian Greens and prepared by the Parliamentary Budget Office shows reducing superannuation tax concessions for the most wealthy would raise $10.16 billion dollars over four years.

"Government advisers have suggested it in the tax white paper, Labor says they'll support it and the Greens have got a costed policy that's ready to go. This would remove a tax haven and reduce the wealth gap between rich and poor, which would be a really great thing for Australians," said Greens Leader Christine Milne.

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8 Ways to Raise Revenue the Liberal Party Seem to be Ignoring

With the release of the tax white paper, you could be forgiven for thinking that the big end of town was doing it tough. But oh, how wrong you are. We've found 8 ways to raise revenue that the Liberal Party seem to be ignoring...

1. Abolish tax breaks for big mining

Currently big mining pays less for petrol than everyday Australians. How about if they didn't?

Joey looking shocked animated gif

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Tax reform an opportunity to act on climate, inequality

The Greens say any change to Australia's tax system must be progressive, correcting rising inequality and acting on global warming.

"The whole point of tax is to raise the revenue we need to pay for the Australian society we want: caring, innovative, healthy, and protected from the impacts of global warming" said Greens Leader Christine Milne.

"That means ending taxpayer support of polluting fossil fuels; it means actually collecting the tax owed by corporate Australia and multi-nationals, and it means closing tax loopholes for the richest among us.

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PM Abbott’s vision for Australia: "dull" just camouflage for damaging, extreme

Greens Leader Christine Milne says the thousands of people who've taken to the streets today for the March in March are crying out for a vision from Australia's political leaders, which delivers in the public interest, not just business as usual for vested interests.

"People are just so disillusioned. We all know we don't want the cruel cuts on offer from the Abbott government, but we also deserve better than a dull budget that preserves the status quo and holds Australia back," said Senator Milne.

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Intergenerational Report ignores global warming and must be rewritten by PBO

The Greens say the Abbott government has destroyed all credibility in the Intergenerational Report process by ignoring global warming and with partisan politics. The Greens will move in the Senate to require the Parliamentary Budget Office to rewrite this and all future reports.

"There's nothing new in this report and it ignored global warming. It is pure politics and utter rubbish," Greens Leader Christine Milne said.

"It must be rewritten by the independent Parliamentary Budget Office in order to restore credibility to the Intergenerational Report process.

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Speech: Export Finance and Insurance Corporation Amendment (Direct Lending and Other Measures) Bill 2014

Senator RHIANNON (New South Wales) (09:43): The first part of the Export Finance and Insurance Corporation Amendment (Direct Lending and Other Measures) Bill 2014 does extend the mandate of Efic's activities from supporting the export of capital goods, to all goods. So we are really going from a situation where so many of Efic's loans went for large mining projects and the infrastructure that supported them, and other related projects, to really being about services, consumer goods and many aspects of what are called SMEs, small and medium sized enterprises.

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A super system for everyone, not just the rich

The Greens have announced a new policy to make superannuation more equitable and raise $10 billion over the forward estimates. ‘A super system for everyone' will replace the current flat superannuation tax rate of 15% with a progressive system that is closely based on a person's marginal income tax rate.

"Superannuation in Australia has become a tax haven for the wealthy. It should be a way of delivering a comfortable retirement for everyone," Greens Leader Christine Milne said.

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Greens offer to shift company tax burden

With ongoing confusion about Coalition leadership and the government's position on company tax and a big business levy, the Greens are prepared to consider a two-tiered company tax system, combined with stronger anti-avoidance measures.

"Business wants certainty and there's none to be found in the Liberal leadership. Regardless of who leads the government they have an opportunity to restructure company tax to make the big end of town pay its way," Greens Leader Christine Milne said.

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