Thursday, April 02, 2015

Some ideas for taxation

Some ideas for taxation and other revenue measures in Australia.

Save $10b per year scrapping fossil fuel subsidies - including $4b per year scrapping diesel fuel excise subsidy for big mining

Save $5b per year scrapping negative gearing subsidies for investors buying houses

We saved $5b per year when Abbott scrapped his Paid  Parental Leave Scheme

Save $31b per year scrapping subsidies for religions.

Tax the proceeds of houses sold for over $2m

Reintroduce a carbon tax. This will raise revenue and provide an incentive for high carbon polluters to reduce their emissions - as happened under the previous carbon tax. Since your government removed it, emissions are again rising. A carbon tax on big companies could generate $5b+ per year and be used to develop clean energy alternatives.

Increase resource taxes on mining so that the companies who extract and sell Australia's non-renewable mineral resources make a fair contribution to Australia.  This could generate $10b+ per year.

Simplify the taxation system for ordinary people.  The current system requires most people to become book keepers and hire accountants to do their tax returns every year.

Remove all direct and indirect government subsidies for the logging of native forests.



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