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Budget 2021

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Greens announce 50% tax on Australia’s obscene pandemic profiteers in response to budget that leaves young people and climate worse off

The Australian Greens have used their Budget in Reply speech to announce a new tax on extreme profiteering by billionaires during the pandemic.  
The new tax, which only applies to the 122 richest Australians, will raise $29 billion. It will be taxed on the amount their wealth increased between March 2020 and March 2021.

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BUDGET 2021: Budget a pre-election gift to Liberals' billionaire mates

Tonight’s Budget is a pre-election sweetener that fails to make billionaires and big corporations pay their fair share of tax, while growing inequality and fast-tracking climate collapse.

While on the surface the budget may appear to do away with the Liberals’ years of austerity politics, it continues the myth that largesse to the super-wealthy will trickle down to everyday people.

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