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Greens will fight Government attempt to aid corporate tax avoidance

The Australian Greens say Malcolm Turnbull has exposed his true colours by rejecting an Australian Greens amendment that would have increased transparency in corporate tax avoidance.

"Malcolm Turnbull wants to push ahead with cuts to family support and a higher GST but he's not willing to crack down on corporate tax avoidance," said Greens Leader Richard Di Natale.

"The whole game is up. The Turnbull Government has shown today that it will protect the big end of town and slug ordinary people. Tax reform should start at the top, not at the bottom.

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Big banks winners from government Financial System Inquiry response: Greens

The Greens Treasury spokesperson Adam Bandt and Finance spokesperson Senator Peter Whish-Wilson today said that the big banks are the big winners from the government’s response to the Financial System Inquiry. The Greens said they will seek to ensure any measures to limit credit card fees also apply to ATM fees and called for stronger action to prevent future financial advice scandals.

“The big banks seem to be the winners from the government’s response to the Financial Systems Inquiry,” 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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We can afford to pay our public servants fairly: Greens

Deputy Greens Leader and spokesperson on Finance, Employment and Workplace Relations Adam Bandt MP today responded to Tony Abbott’s claims that we can’t afford to increase wages of our public servants in line with inflation.

“Tony Abbott says we can’t afford for public servants’ wages to keep pace with increases in the cost of living. This would see cuts to their real wages in coming years,” said Mr Bandt.

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Greens Concerned by Government Moves to Limit Shareholder Power to Call Special Meetings

The government’s move to increase the number of shareholders who can call a special company meeting could allow institutional investors to block scrutiny of company activity, said Deputy Greens Leader and Finance spokesperson, Adam Bandt MP.

“The government proposes to increase the number of shareholders required before a special company meeting can be called. This could allow institutional investors to block scrutiny of company activity by ensuring extraordinary general meetings never happen,” said Mr Bandt.

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Joe Hockey Must End Big Banks $4.5bn Taxpayer Subsidy: Bandt

“Joe Hockey has been given another option today to balance the budget fairly without asking students to go into a six-figure debt,” said Deputy Greens Leader and Finance spokesperson.

“The Customer Owned Banking Association has revealed that Australians are giving the big banks $4.5bn every year by underwriting their ‘too big to fail’ status.

“The Abbott Government is forcing taxpayers to financially guarantee the big banks so that if they fall over we have to pay for the cost.

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