Take Survey
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  | 

Prominent Australians Urge PM Not to Cut Taxes


Wednesday, 13th April 2016 at 8:45 am
Lina Caneva, Editor
Community leaders and top economists have signed an open letter calling on Prime Minister Malcolm Turnbull not to cut taxes in the upcoming Budget – especially not on company profits.

Wednesday, 13th April 2016
at 8:45 am
Lina Caneva, Editor


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Prominent Australians Urge PM Not to Cut Taxes
Wednesday, 13th April 2016 at 8:45 am

Community leaders and top economists have signed an open letter calling on Prime Minister Malcolm Turnbull not to cut taxes in the upcoming Budget – especially not on company profits.

The letter, published as a full-page newspaper advertisement, is signed by former Reserve Bank Governor Bernie Fraser. Other signatories include  ACTU National President Ged Kearney, Former WA Premier Carmen Lawrence, Uniting Church Australia President Stuart McMillan and Nobel prize winner Peter Doherty along with a collection of economists and other community leaders who are calling for the government to prioritise services, not tax cuts.

The letter reads: “Cutting programs which support needy Australians to give more tax benefits to companies is not fair. Collecting more tax, more equitably, will make Australia a better place to live and work.”

The executive director of The Australia Institute, Ben Oquist said that now was not the time to cut taxes.

“It would be fiscally irresponsible to lower the company tax rate in the current budget environment,” he said.

“Proponents of a cut to the company tax rate continue to promote claims of long-term, trickle-down benefits without identifying the immediate impact to revenue and in-turn essential services.

“In fact, a five-point cut in the company tax rate would deliver a projected $27 billion windfall over 10 years for the four major banks alone. This simply makes no economic sense and would put Australia’s revenue base at risk.

“Australia is a low taxing country, sixth lowest by OECD standards. We also have a clear revenue problem, which should be this priority for this budget,” Oquist said.

In February major Not for Profits and peak bodies called on the federal government to deliver secure housing, a fair health care system and income adequacy as a priority in this year’s budget.

Key policy areas were outlined in the pre-budget submissions of the St Vincent de Paul Society, the Australian Healthcare and Hospitals Association and the peak body for housing, National Shelter.

The NFPs said the major priority areas for the 2016 Federal Budget should include secure housing, strengthening universal health care through a financed commitment to a holistic “social determinants of health” approach, rather than cuts to Medicare and other services, and better targeting of existing health infrastructure, along with income adequacy with a focus on income support, job-creation and education for everyone.

Read the full open letter to the PM here 


Lina Caneva  |  Editor  |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years, and Editor of Pro Bono Australia News since it was founded in 2000.


Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Older Women’s Housing Program Tackles Growing Crisis

Jeanette Large

Thursday, 24th May 2018 at 8:33 am

Mental Health the Poor Cousin of the Health System

Contributor

Tuesday, 22nd May 2018 at 11:29 am

ACNC Funded for Anticipated Litigation

Wendy Williams

Thursday, 10th May 2018 at 10:51 am

Australian Government ‘Cottons On’ to the Value of Cooperatives

Wendy Williams

Wednesday, 9th May 2018 at 6:18 pm

POPULAR

Report Uncovers Shocking Abuse and Neglect of Adults With Disability

Luke Michael

Monday, 5th November 2018 at 5:29 pm

White Ribbon CEO Puts Hasty Departure Down to Culture Clash

Maggie Coggan

Monday, 12th November 2018 at 5:49 pm

Government Backtracks on Cuts to Food Relief Charity

Maggie Coggan

Monday, 12th November 2018 at 5:42 pm

Disability Groups Cautious Over NDIS Independent Assessment Pilot

Luke Michael

Monday, 12th November 2018 at 5:38 pm

Take Survey
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!