Labor can\u2019t let Australia\u2019s biggest corporations write their own rules to protect their profits, following reports the Business Council is trying to veto a proposal for a net cash flow tax, the Greens say.<\/p>\n\n\n\n
\u201cLabor has an abject track record of taking marching orders from big business, and it\u2019s time they stopped,\u201d Greens Economic Justice spokesperson Senator Nick McKim said.<\/p>\n\n\n\n
\u201cThe BCA doesn’t want high climate targets. It doesn’t want strong environment laws. It doesn’t want action on supermarket price gouging. And now they\u2019re telling Labor to block even the smallest step toward making big corporations pay more tax.\u201d<\/p>\n\n\n\n
\u201cThe question is whether Labor will finally stand up to their friends and donors in the Business Council.\u201d<\/p>\n\n\n\n
Senator McKim said the Productivity Commission\u2019s proposed net cash flow tax has panicked the very corporations that have spent decades dodging their tax responsibilities.<\/p>\n\n\n\n
\u201cOne in three large corporations don\u2019t pay a cent in tax. Many of the rest hide their profits offshore. It says everything that even a modest proposal has sent the BCA into overdrive.\u201d<\/p>\n\n\n\n
\u201cOur priority remains taxing the super profits of coal and gas corporations, who are driving the climate crisis and ripping off Australians. But we\u2019ll look at any reform that helps support clean, productive investments while ensuring the biggest corporations pay their share.\u201d<\/p>\n\n\n\n
\u201cEvery dollar in tax these corporations avoid is a dollar that doesn\u2019t go into schools, hospitals and housing. Labor needs to decide whether they\u2019re here for the public, or for the profiteers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Labor can\u2019t let Australia\u2019s biggest corporations write their own rules to protect their profits, following reports the Business Council is trying to veto a proposal for a net cash flow tax, the Greens say. \u201cLabor has an abject track record of taking marching orders from big business, and it\u2019s time they stopped,\u201d Greens Economic Justice … Continue reading “Labor must not fold to BCA pressure not to tax big corporations, say Greens”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-34814","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/34814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=34814"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/34814\/revisions"}],"predecessor-version":[{"id":34815,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/34814\/revisions\/34815"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=34814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=34814"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=34814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}