To the Liberal-National Federal Government
All Australians should contribute their fair share to ensure our government can continue to provide critical public services like healthcare and education. The wealth of our richest companies should be shared with all Australians.
But the costs on the budget from tax loopholes for multinationals, and tax concessions for the wealthy continue to take their toll. Last year, one-in-five large private companies paid no tax.
According to the Tax Justice Network Australia, of Australia’s largest 200 publicly listed companies, 1-in-3 had an effective tax rate of less than 10 per cent, while 1-in-7 paid 0 per cent.
One of the Liberal-National’s first acts in office was to roll back measures to tackle profit shifting and improving tax transparency — effectively handing back $1.1 billion to big global firms.
Now they want to include exemptions so that family-owned companies don’t have to declare publicly how much tax they have paid — because the wealthy are worried about their children being kidnapped.
This needs to change and we need a system in which everyone pays their fair share.
As Australians we are calling on you to ensure Australia has a fair taxation system in which everyone pays their fair share, everyone gets the opportunity they deserve, services are fully funded, and transparency is maintained.