Shorten to talk up Labor's tax stance

Lifting the GST rate to 15 per cent is not tax reform, says Opposition Leader Bill Shorten.

Australian Opposition Leader Bill Shorten

(AAP) Source: AAP

Bill Shorten says while Labor opposes an increase in the GST, it doesn't mean it is unwilling to participate in the tax debate.

The opposition leader will tell a conference on Friday that Labor is resolutely opposed to making Australians pay more for what they need most.

"Let's be very clear on this point - jacking up the GST to 15 per cent is not innovative, agile or creative. Increasing the GST is not tax reform," he will say in his lunchtime address to the Melbourne Institute economic and social reform conference.

He believes tax reform needs to be a bigger conversation.

If the government really has "everything on the table", Labor already put forward its plan to make multinational companies pay their fair share of tax and close loopholes on superannuation for the very wealthy.

"These polices have got nothing to do with the politics of envy ... if you earn money in Australia, you should pay tax in Australia," he will say.

"Superannuation wasn't designed as a tax haven and shouldn't be used as one."

He described the tax system as a "leaky bucket" and its holes are two and a half times more likely to be used by the wealthiest Australians.

"Gaming our system doesn't require any illegal behaviour, just a well-paid tax agent," Mr Shorten says.

Prime Minister Malcolm Turnbull and Treasurer Scott Morrison addressed the conference on Thursday and provided a broad outline to what they hope to achieve from tax reform agenda.

Mr Turnbull said he was open to new ideas on reform as long as it resulted in a fairer system, while Mr Morrison again raised the coalition's concerns about bracket creep.

While the tax debate has centred on the GST in the past week, the treasurer said so far the only public advocates for changing the impost were state governments and former Labor premiers.


Share

2 min read

Published

Updated

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world