The Greens leader Adam Bandt has announced a supersized tax reform package to target what he has described as “excessive profits” earned by big businesses.
Greens leader Adam Bandt has announced plans for a supersized tax to target big business and argued the government could take more than $500 billion from the private sector to fund a rent freeze.
What has been right in front of them all along was $514 billion of private sector money over the next 10 years, according to Mr Bandt. The core element of the extraordinary reforms includes a 40 per cent tax on profits over $100 million – specifically targeting banks, supermarkets, Telstra, Ampol and JB Hi-Fi.
In his video statement, Mr Bandt pointed to the “obscene” $1.1 billion profit posted by Coles and said, “That’s up two per cent from the year before”. Mr Bandt reportedly also has plans to introduce the gas and oil company tax as well as a coal and mining tax. Finance Minister Katy Gallagher said on Wednesday: “The Greens have this luxurious position where they can come out with an idea but they never have to implement it.”
Government The Greens Tax Proposal Adam Bandt Tax Keith Wolahan Katy Gallagher
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.
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 »
‘Undemocratic’: Greens-led protest shuts down council meeting after motion to boycott Israel failsA Greens-led horde of pro-Palestine protesters descended on an Inner West council meeting on Tuesday night which ended with the abandonment of the meeting and the police being called.
Read more »
Greens propose tech tax to support Australia’s traditional media while banning gambling adsSarah Hanson-Young urges people not to believe the claim that free-to-air TV needs gambling ad revenue to survive
Read more »