It seems astonishing that, in a country where one in eight adults and more than one in six children are living in poverty, and many of those are living in “deep poverty”, the Coalition’s election focus is on tax concessions and tax cuts for the wealthy – and they seem to be getting away with it.
In 2004-05, the top income tax rate kicked in at a taxable income of $70,000. Four years later, that had risen to $180,000. Meanwhile, the tax free threshold remained at $6000 from 2000-01 until Julia Gillard increased it to $18,200 to compensate for the introduction of carbon pricing in 2012-13.
When Tony Abbott got rid of the mining tax, he also repealed many payments to low income earners, including income support benefits to children of soldiers killed or seriously injured in service.
SOS: Where is the ACNC? Why isn’t it investigating the lack of seeming tranparancy (ODT)
Three directors of a Great Barrier Reef charity entrusted with almost half a billion dollars in public money have refused to give evidence to a Senate inquiry scrutinising the controversial deal, raising the prospect they will be forced to appear.
Confidential Senate committee documents seen by Fairfax Media show that despite being offered five dates at which to attend the inquiry, the directors of the Great Barrier Reef Foundation say they are unavailable for questioning, variously citing overseas travel commitments, medical appointments, board meetings and other unspecified engagements.
The inquiry was launched following the Turnbull government’s decision to grant the small, business-focused charity $443 million to help rescue the reef. The foundation has previously said it would “fully co-operate” with the probe.
It is the wealthiest Australians who enjoy the most support.
President-elect released statement saying he would dissolve Trump Foundation to avoid ‘even the appearance of any conflict with my role as President’
The inequality and alienation of globalisation has seen a backlash in the UK, U.S. and now Australia. John Menadue flags a serious gathering storm ahead.
“We have evidence of a massive systematic abuse of the global tax system.
The Trickle Down Effect that Just didn’t Trickle The Bailout worked with a trickle up