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Hockey backs Greens’ bank deposit levy model

Adam Bandt 11 Aug 2015

Greens Treasury spokesperson Adam Bandt MP today welcomed reports that Treasurer Joe Hockey is supporting the Greens’ model for the bank deposit levy and said that the Greens would support passing a well-crafted levy through the Parliament in the next sitting fortnight.

“I’m pleased to hear reports that the Treasurer has listened to the Greens’ call to apply a bank deposit levy to only to the Big 4 Banks,” 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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Treasurer’s early Christmas gift to big corporates

Acting Greens Leader Adam Bandt MP says the Treasurer has handed the big end of town an early Christmas gift while continuing his vicious attack on the young, the old, the sick and the poor.

“Mr Hockey is no scrooge, he’s left a gift for his corporate mates under the giving tree just in time for Christmas,” Mr Bandt said.

“The Abbott government method is to take from the poor and give to the rich.”

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