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Billionaires doubling fortunes shows need for Greens’ billionaires tax

Greens Leader, Adam Bandt, says revelations in the Oxfam report that Australian billionaires have doubled their already obscene fortunes gives strength to the Greens’ proposal for a 6% annual tax on billionaires’ wealth.

Over the course of the pandemic, while people endured lockdowns and hardship, billionaires doubled their wealth to $255 billion, equivalent to the wealth of 7.7 million Australians, held by just 47 people.

Greens leader, Adam Bandt MP said:

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Lib & Labor voted against Greens push to close ‘Pandora Papers’ loophole

The ‘Pandora papers’ disclosed today reveal that Australia is a weak link in the fight against international tax avoidance, with accounting firms and real estate agents excluded from having to report to financial regulators over many suspicious transactions, giving these Australian firms a competitive advantage when orchestrating money laundering schemes for the super-rich.

Australia is one of only six countries in the world where accountants, lawyers and real estate agents are not required to report under anti-money laundering and counter-terrorism financing laws.

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Amid record corporate super-profits, Greens announce new Tycoon Tax to raise $338 billion for public good

The Greens have today announced they will push for a new 40% corporate super-profits tax on the excess profits made by big corporations, including mining corporations, in the balance of power after the next election.

The Greens’ push for a ‘tycoon tax’ follows the announcement this week of record super-profits across retail and mining sectors, and National Account figures showing the profit share of national income at the highest (30.3%) since records began, eclipsing last year’s new record1.

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JobKeeper 2.0 & lifted JobSeeker needed as PM's failures bite

The Morrison Lockdowns in Sydney and Melbourne are taking a political toll on the Prime Minister, but the Greens say the long-term damage of the mismanagement will land hardest on young people, and are calling on the Prime Minister to ensure no-one is left behind by lifting JobSeeker back to $1,100 a fortnight and implementing JobKeeper 2.0.

Quotes attributable to Greens Leader, Adam Bandt:

“These Morrison lockdowns are hitting many people just as hard as last year, so the Prime Minister must give people the same level of support as before.”

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Greens slam minor tweaks of NSW supports as woefully insufficient

The Australian Greens have slammed the government’s changes to support measures for the NSW lockdown, saying that the paltry concessions are a wasted opportunity that will leave people in poverty and risk further evictions. 

Despite acknowledging that existing support levels are too low, the additional scraps announced this afternoon are too narrow, and too miserly to protect people.

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Greens announce billionaires tax to fund schools, dental, and jobs for all

The Greens will today announce key election policies, including a ‘billionaires tax’ to help fund genuinely free public schools, dental into Medicare and a job for everyone who wants one. 

With the party considering an election in November of this year still a possibility and a minority parliament the most likely outcome, Mr Bandt will push for a tax on billionaires & corporate super profits as part of dealings with a future shared power government.

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