Labor’s ‘modest and responsible’ tax changes will leave one of the greatest rip-offs in Australian history untouched.
“Modest and responsible” is how Labor describes its plan to increase the tax take from multinational corporations by limiting deductions and implementing the OECD’s 15% minimum tax.
Along with its cut to public service consultant spending and an end to the Coalition’s rorting and pork-barrelling, it forms the centrepiece of the opposition’s decidedly unambitious fiscal plan.
The multinational crackdown will raise just $1.89 billion over the forward estimates, partly because of a delayed introduction until 2023.
Read more about how Labor’s tax policy won’t stop the rip-offs.
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