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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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Turnbull tax tinkerer, not reformer: Greens

Adam Bandt 25 Feb 2016

Greens Treasury spokesperson Adam Bandt MP today said reports that Prime Minister Malcolm Turnbull is backing down from tax reform and instead will only tinker with caps on superannuation contributions and negative gearing shows that he has squibbed it on tax reform.

“Malcolm Turnbull has squibbed it on tax reform,” Mr Bandt said.

“Instead of making sweeping reforms that would end unfair tax breaks and bring in much-needed revenue for our schools, hospitals and services, Malcolm Turnbull looks set to only tinker at the edges.”

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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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Peter on the Turnbull Government

Senator WHISH-WILSON

It never ceases to amaze me that the ultraconservatives like Senator Bernardi are fairly happy to talk to us about the role of government. They do not see any role for government in our lives except when it comes to social issues that you rely on the government to step in and regulate, such as same-sex marriage and other issues.

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Labor & Liberals vote down Greens’ move to cut $2 ATM fees in Senate

Adam Bandt 22 Feb 2016

Greens Treasury spokesperson Adam Bandt MP today said he was disappointed that Labor had joined with the Liberals to vote against a move by the Greens to cut excessive ATM fees. The Greens moved to extend the measures that will cut excessive credit card fees in the government’s Competition and Consumer Amendment (Payment Surcharges) Bill 2015 for excessive ATM fees as well.

“It is disappointing that Labor has again joined the government to stop the Greens from making it cheaper for people to access their own money,” Mr Bandt said.

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Morrison should stop backing fossil fuels & transition economy to industries of the future

Adam Bandt 17 Feb 2016

Responding to Treasurer Scott Morrison’s National Press Club Address ‘Backing Australians in our Transitioning Economy’, Greens Treasury spokesperson Adam Bandt MP called on the Treasurer to stop backing fossil fuels and instead invest in creating jobs and growth by transitioning our economy to the industries of the future, like clean energy, science, research and innovation.

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Worst. Tax 'debate'. Ever.

Adam Bandt 16 Feb 2016

Greens Treasury spokesperson Adam Bandt MP today welcomed Malcolm Turnbull publicly declaring the GST rise is dead, buried and cremated, but said this latest move by the government confirms it has been the worst tax 'debate' ever.

"Finally Malcolm Turnbull has come out and let the public know that a GST rise is dead, buried and cremated," Mr Bandt said.

"This is just the government bowing to public pressure over a policy it never had the courage to publicly own.”

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CBA record half-year profit shows big banks can afford to pay more tax

Adam Bandt 10 Feb 2016

Greens Treasury spokesperson Adam Bandt MP today said that news the Commonwealth Bank has posted another record half-year profit of $4.8 billion proves the big banks can afford to pay more tax.

“Yet again one of the big 4 banks has put away a record half-year profit, proving they can afford to pay their fair share in tax,” Mr Bandt said.

“Instead of looking at attacking our long-standing universal healthcare system by privatising parts of Medicare, the government should again look at introducing a bank deposit levy, but limit it to the Big 4.”

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