Labor plans to raise almost $5 billion over the next four years by cutting the use of consultants and cracking down on multinational tax evasion.
Federal Labor has outlined plans to raise almost $5 billion over the next four years by scaling back the use of consultants by government, and tackling tax evasion by multinationals with measures aimed at the use of tax havens and other schemes.
In the policy document, Dr Chalmers reemphasises Labor will be guided by the quality of spending, not the quantity.incomes, and the best way to improve the economy and lift growth is to make smart and responsible investments to expand productive capacity, so the economy can grow faster than debt,” the policy document says.
These include greater transparency for reporting requirements on tax information, beneficial ownership, tax haven exposure, and in relation to government tenders.tax treaties when holding intellectual property in tax havens”; support for the OECD’s global 15 per cent minimum tax and ensuring some of He defends the decision not to adopt the government’s selfimposed cap that tax revenue should not exceed 23.9 per cent of GDP.
He says Labor will implement the stage three tax cuts on July 1, 2024, as already legislated, and remain mindful of the need to keep taxes low.
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