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Income tax proposal a cop out

The Liberals are proving they're not up to the task of tax reform, again dumping their budget problems on state and territory governments, the Australian Greens have said.

"The Turnbull Government doesn't have the ticker to take on any difficult areas of reform so it's looking for an easy way out," said Greens Leader Richard Di Natale.

"Instead of having the courage to take on unfair tax breaks like negative gearing, capital gains tax and fossil fuel subsidies, the PM is surrendering on real reform.

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MYEFO is the canary in the coal mine

Greens Treasury spokesperson Adam Bandt MP says Mid-Year Economic and Fiscal Outlook is the canary in the coal mine, reinforcing the need to grow the new economy and get rid of unfair tax breaks if Australia is to avoid descent into austerity and economic irrelevance.

Mr Bandt says the cuts to programs outlined in today's announcement are too harsh and are unnecessary, as the government should instead tackle unfair tax breaks for the wealthy. The Greens have outlined $38 billion in unfair tax breaks, costed by the Parliamentary Budget Office.

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Axing just 4 unfair tax breaks would plug Budget revenue hole: Greens

Greens Treasury spokesperson Adam Bandt MP will today unveil costings on removing just four sets of unfair tax breaks that would cover forecast revenue shortfalls set to be revealed in next week's Mid Year Economic and Fiscal Outlook.

The Budget deficit is expected to be between $33-39 billion worse than expected when MYEFO is released on Tuesday, according to several recent independent forecasts.

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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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Greens will fight GST hike

Greens Treasury spokesperson Adam Bandt MP says the Greens will fight the government's plan to push up the goods and services tax.

"The Greens will fight tooth and nail to stop any GST increase," Mr Bandt said.

"The last 24 hours have confirmed what we have feared for some time. Malcolm Turnbull is testing the waters to see how far he can hike up this regressive tax."

"We accept the Budget has a revenue problem, but there are better ways to raise revenue, such as removing unfair tax breaks for big polluters and the very wealthy."

 

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PM Turnbull’s economic challenge: tackle inequality, global warming

The Australian Greens have challenged new Prime Minister Malcolm Turnbull to dump the "nope, nope, nope" attitude of his predecessor when it comes to economic reforms that would reduce wealth inequality and face up to the reality of global warming.

"You can't have a serious economic plan if you've got Tony Abbott's climate policy leading into this election, and that's where Malcolm Turnbull is right now," said Greens Leader Richard Di Natale.

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