Hold the champagne – this ‘zombie TPP’ may be new, but it’s anything but improved, Greens trade and finance spokesperson Senator Sarah-Hanson Young has said from the World Economic Forum at Davos.

“This ‘trickle-down triumph’ solves none of the problems we need genuine multilateral cooperation to solve, like climate change and tax avoidance,” she said.

The Liberal Government’s plan to give tax cuts to big corporations to follow in the footsteps of Donald Trump makes as much sense as the revelation that 732 big corporations paid no tax in 2015-16, The Australian Greens say.

The Turnbull Government's end-of-year mini budget is mean-spirited, wringing savings out of young people, struggling families and newly arrived migrants in order to keep funding tax cuts to their wealthy mates from the big end of town.

“The Turnbull Government has got just that little bit meaner with today’s budget, which unfairly targets young people, struggling families and newly arrived migrants with $6 billion in cuts,” said leader of the Australian Greens Dr Richard Di Natale.

Greens Treasury spokesperson, Senator Peter Whish-Wilson, has reiterated calls for investment property to be treated as a financial product in the wake of the 4 Corners report on the state of the housing market in Australia.

Senator Whish-Wilson said, “Australia’s housing market is a debt-fuelled bubble driven primarily by tax breaks to investors. This is distorting the entire economy, creating enormous financial risk, and pushing the price of housing out of the reach of young people.

Greens Treasury spokesperson, Senator Peter Whish-Wilson, responded today to the Commonwealth Bank’s record profit announcement.

“The announcement of a $10 billion profit by Commonwealth Bank is emblematic of what is wrong with the Australian economy.

“Despite having a record of bad behaviour as long as your arm, CBA is making record profits and paying their executives millions and millions while ordinary Australians watch their wages freeze and the cost of housing spiral out of control.