Tax-News.Com Archive

Sponsored by: PEARSE TRUST
Independent advice on corporate and trust structures

ARCHIVE ROOT | TODAY'S NEWS | LOWTAX

Australian Green Party Play Down Tax Cuts
By by Glen Shapiro, LawAndTax-News.com, New York

20 December 2007

The newly re-elected leader of the Australian Green Party, Bob Brown, has this week cast criticism over the Labor government's proposals to implement a series of tax cuts estimated to cost in the region of AU$31 billion.

Speaking earlier in the week, according to a report in The Australian, Senator Brown said that although his party would keep proposed tax breaks for lower income taxpayers, proposals benefitting what he dubbed "the big end of town" could be scrapped, as there are other areas of the economy which should be considered a greater priority.

Mr. Brown suggested that rather than pour $31 billion into cutting taxes, the money could instead be used to improve the country's health and education systems, as well as investing more into mitigating the effects of climate change.

"We are not here to endorse what Labor does," Brown announced, according to an ABC News report, continuing:

"We are here to take them on and get this country to the forefront of world politics in meeting the greatest challenge to humanity, not just for this century, but ostensibly so far in history, which is climate change."

.

 


IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.