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Greens welcome ACTU’s call for Stage Three tax cuts to be repealed

Greens Treasury spokesperson, Senator Nick McKim, has responded to the ACTU’s paper to the Government Jobs Summit saying the pressure is growing on Labor to walk away from the Stage 3 tax cuts.

“The Greens welcome the ACTU’s paper and congratulate them on making the case for serious economic reform.

“Scott Morrison’s Stage 3 tax cuts will overwhelmingly flow to the wealthiest people in the country, with a $9000 tax break for people earning $200,000 but nothing for those on the minimum wage.

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Time to stop tax dodging millionaires and gas giants

Greens Treasury spokesperson, Senator Nick McKim, has responded to the release of the latest taxation statistics by the ATO.

“The fact that 60 people who earned over $1 million managed to pay not a cent in tax clearly demonstrates that Labor should abandon the upcoming Stage 3 tax cuts.”

“Labor should be making high income earners pay their fair share rather than giving them another tax cut.”

“Proceeding with Scott Morrison’s tax cuts for millionaires while so many high income earners are already paying no tax is irresponsible and unfair.”

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Significant win for tax transparency

Australia’s tax transparency laws have been significantly strengthened, with the Government supporting Greens amendments to lower the reporting threshold to a turnover of $100 million for Australian private companies.

“This is a massive step forward for tax transparency in Australia,” Greens Treasury and Economic Justice spokesperson Nick McKim said.

“We already know that big corporations are paying too little tax - today’s changes mean we can have a much clearer picture for many more companies.”

“The Australian public has a right to know this information.”

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RBA is prescribing the wrong medicine

Greens Treasury spokesperson, Senator Nick McKim, has responded to today’s decision by the RBA to increase interest rates.

“The RBA is smashing workers, renters and recent homebuyers to try to bring down inflation that is being driven by supply shocks and corporate profiteering.

“We are hearing plenty from the government and the RBA about supply pressures.

“What we aren’t hearing from the government or the RBA is about the role of corporate profiteering.

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RBA needs to hit pause on rate rises

Greens Treasury spokesperson, Senator Nick McKim, has responded to the news of steep falls in house prices ahead of tomorrow’s RBA meeting.

“The RBA needs to hit pause."

“Inflation is being driven by supply side shocks and corporate profiteering.

“Jacking up interest rates will not fix these problems.

“The RBA needs to be honest about this with the Australian public.

“Monetary policy cannot curb inflation without punishing workers, renters and new homeowners, none of whom are the cause of the problem.

“They should not increase rates tomorrow.

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Corporations should be bracing for a Super Profits Tax

Greens Treasury spokesperson, Senator Nick McKim, has responded to the Treasurer's Ministerial Statement on the Economy.

“The Treasurer has just told Australians to brace for higher unemployment and further real wage cuts because interest rates are going to go up.

“But the Treasurer said nothing about what big corporations should brace for.

“The share of national income going to corporate profits are at record highs, and the share of national income going to wages are at record lows.

“Corporate profiteering is fuelling inflation, not wages.

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Super profits tax needed to offset rising inflation

Greens Treasury spokesperson, Senator Nick McKim, has responded to the release of today’s inflation figures.

“The government should introduce a corporate super profits tax to help ease cost of living pressures, including by fixing up the Petroleum Resource Rent Tax (PRRT).

“And they should use the additional revenue to provide cost of living support, such as by putting dental into Medicare and making childcare free.”

“COVID disruption and energy price hikes are driving inflation globally.

“But inflation is also being driven by corporate profiteering.

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Australian Greens announce portfolios for 47th Parliament

Adam Bandt 17 Jun 2022

The Australian Greens Leader, Adam Bandt, has announced the party’s updated portfolio allocation for the upcoming 47th Parliament, ahead of the first sittings in July.

Presented to yesterday evening’s Party Room, the new allocation gives newly elected MPs and Senators the power to progress the issues they were elected to advance, while recognising the years of experience behind the Greens existing portfolio holders.

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Greenslide set to grow in coming days Greens to hold Senate balance of power Albanese will need Greens and crossbench

Adam Bandt 22 May 2022

Greens Leader Adam Bandt has joined two QLD Green MPs-elect Elizabeth Watson-Brown and Max Chandler-Mather from Ryan and Griffith and new QLD Senator-elect Penny Allman-Payne in Brisbane today to celebrate last night’s electoral Greenslide. Mr Bandt said the Greenslide could continue in the coming days with the seats of Brisbane, Macanama and Richmond still to be decided and the Greens in a very strong position.

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Greens to preference Labor to kick Morrison out

Adam Bandt 30 Apr 2022

Greens Leader Adam Bandt announced today that the Greens would preference Labor ahead of the Liberals across the country. Greens Local and State branches finalised preference recommendations for how-to-vote cards this week ahead of early voting polling booths opening on May 9.

Greens how-to-vote cards, that recommend preferences, will recommend a preference for Labor above the Coalition and place other right wing parties last. The Greens will also recommend a preference for climate independents in key Liberal held seats.

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