Federal leader of the Greens has outlined his party’s plans to clamp down on that don’t pay tax, with a new policy that could add an extra $514 billion to the federal budget. Speaking at the on Wednesday, Bandt outlined the policy that the Greens will bring to the next federal election, which would target big corporations like , Telstra, and the big four banks. The general aim of the proposed policies is to tax big corporations by as much as 40 per cent, so that their gigantic profits can be used to benefit everyday Aussies by putting dental into , and providing cost-of-living relief.
If that sounds a lot like stealing from the rich and giving to the poor, you’d be right. That’s why the policy is called the Greens’ Robin Hood Reforms — which is objectively the coolest policy name I’ve heard. But before everyone starts cheering like Adam Bandt’s Merry Men — what are the details of the Greens’ radical new policy, and how likely is it to pass in Parliament? What are the Greens’ plans to tax big corporations? In the lead-up to Australia’s next election, Bandt said his party was preparing for the “biggest campaign in Greens history”.
And big campaigns require big policies, which is why Bandt presented a three-pronged approach to tax Australia’s richest companies like they’ve never been taxed before. Big corporations are making billions in profits, driving up prices, while millions struggle to get by, and not paying nearly enough tax. It’s time the.