To sweeten the deal, the Greens say much of the revenue would pay for cost-of-living measures, such as including dental cover in Medicare.
Greens leader Adam Bandt will outline plans to raise $514 billion in new “excessive profit” corporate taxes, which he sees as a key party demand if the party holds the balance of power after the next election.
The Greens will also reboot the gas and oil company tax they took to the 2022 election, aiming to close loopholes in the existing petroleum resource rent tax that would raise $33 billion over the first four years, according to Parliamentary Budget Office costings. Super profits are usually defined as profits above the interest rate investors get for buying government debt and the Greens estimate that over 10 years, the tax take would rise to $514 billion.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal politics live: Adam Bandt claims Tony Abbott could be put in charge of CFMEUThe Greens leader has raised concerns about a bill to force the CFMEU into administration, warning there were 'no safeguards' to stop a future Coalition government from appointing Tony Abbott to take charge. Follow live.
Read more »
Cabinet reshuffle: Clare O’Neil tapped as Housing Minister to face off against the GreensClare O’Neil will take on selling the government’s housing agenda, which pollsters say has been drowned out by the Greens’ precocious spokesman Max Chandler-Mather.
Read more »
Greens demand changes to back key Labor housing policies in the SenateThe Greens’ Max Chandler-Mather is already ramping up pressure on Labor’s new housing minister, Clare O’Neil, just days after she was given the role.
Read more »
Greens demand changes to back key Labor housing policies in the SenateThe Greens’ Max Chandler-Mather is already ramping up pressure on Labor’s new housing minister, Clare O’Neil, just days after she was given the role.
Read more »
Greens demand changes to back key Labor housing policies in the SenateThe Greens’ Max Chandler-Mather is already ramping up pressure on Labor’s new housing minister, Clare O’Neil, just days after she was given the role.
Read more »
SA Greens blindsided by 'unf*** the future' flyer distributed in AdelaideA flyer authorised by the Australian Greens has created controversy for its deliberately bold and colourful language as SA party members say it blindsided them.
Read more »