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Australia must take on United Kingdom on their rogue tax havens

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Liberals set to deliver ‘Budget for the billionaires’

Adam Bandt 2 May 2016

The Australian Greens say the Liberals are set to deliver a Budget that will grow inequality by
including company tax cuts and income tax cuts for above average income earners.

"This Budget, like this Prime Minister, is shaping up to be a huge disappointment," said Greens Leader Richard Di Natale.

"Malcolm Turnbull came in and said everything was on the table, but now he and his Treasurer are serving up the same tired old dishes as Tony Abbott.

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Budget may never return to surplus under Hockey’s ‘magic pudding’ tax cuts

Adam Bandt 25 Aug 2015

Greens Treasury spokesperson Adam Bandt MP today said new research suggests that Treasurer Joe Hockey’s mooted ‘bracket creep’ tax cuts may see the Budget never return to surplus, unless the government increases other taxes or introduces new spending cuts.

"We don't have a budget crisis but we will have a revenue crisis if a $25 billion hole is punched in the government's income stream,” Mr Bandt said.

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Stop the tax cuts arms race: Bandt

Adam Bandt 10 Aug 2015

In response to Treasurer Joe Hockey’s remarks today that rich people should be taxed less, Greens Treasury spokesperson Adam Bandt MP said the measure would make the revenue crisis worse. Mr Bandt called on Labor not to join the Treasurer in making the next Federal Election a tax cuts arms race.

“The Treasurer is out today again calling for tax cuts for rich people. He has said that high income earners in Australia need to be taxed less because apparently they have the potential of going to other countries to earn an income so we need to tax them less here,” Mr Bandt said.

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Hockey's deposit levy should only apply to big 4 banks: Greens

Greens Deputy Leader and Finance spokesperson Adam Bandt MP today said Treasurer Joe Hockey's proposed levy on bank deposits may get passed straight on to consumers, and instead has proposed an alternative model where the levy would be restricted to the big four banks.

"The Greens are concerned that a levy on all bank deposits could be passed directly onto everyday consumers if the levy is simply applied across the board to all banks," Mr Bandt said.

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Greens secure inquiry into corporate tax evasion

The Senate has just voted in favour of a Greens motion to launch an inquiry into corporate tax evasion, in the lead-up to the G20 summit.

"On the same day that Labor has facilitated some of Joe Hockey's cruel budget cuts, the Greens have launched an inquiry to end the age of entitlement for the big end of town," said Greens Leader Christine Milne.

"Instead of pulling safety nets out from under people in our community who most need support, the Abbott government should look for ways to raise revenue from those who can afford to pay.

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Greens will move for Senate inquiry into corporate tax evasion

Greens Leader Christine Milne says she will this week move for a Senate inquiry into corporate tax evasion in Australia.

"In Tony Abbott and Joe Hockey's Australia the real leaners are the big corporations. The big end of town is not paying anywhere near the amount of tax it should be paying," Senator Milne said.

"Instead Tony Abbott is trying to raise revenue from the poor, the sick and the young. This is wrong.

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