Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Australian Greens’ Leader calls for big biz tax to bolster nation’s recovery

Published

on

Minister Adam Bandt is pushing for profit-making corporations to spend their extra dollars on helping those who are doing it tough.

Greens’ leader Adam Bandt calls for “super-profits” tax

The Australian Greens continue to put big corporations under the microscope, with the party pushing Labor to adopt a new 40 percent tax on the “super-profits” of big business.

Coined the tale of two pandemics, big corporations are making millions while small to medium-sized businesses are on the brink of bankruptcy.

Throughout the course of the pandemic, three mining corporations made $65 billion in profits between them while Harvey Norman increased their profits by 75 percent.

That’s why Greens’ Leader Adam Bandt is pushing for big profit-making corporations to pay more tax in a bid to equalise to the nation.

“During the pandemic, a lot of people have done it really, really tough and we’ve had millions of people lose their incomes,” Bandt says.

“[Meanwhile] big corporations and billionaires have been making out like bandits.”

If this tax was to come into play, Bandt says money owed would go towards including dental and mental health into Medicare while building more affordable housing.

The proposal would only apply to company’s who have a turnover of $100 million, with a focus placed on the mining sector.

Going in a different direction

While the government has previously acted on expert advice to endorse a super profits tax, the Greens plan to take a different approach.

“Some of the big giants like Apple are making huge profits in Australia, but are engaging in complex legal schemes which means that their profits go offshore,” Bandt says.

“We would instead capture the tax on the activity of those big multinationals here in Australia.”

The Greens’ minister says Australia should rely heavily on the profits of big corporations to kick-start the nation’s recovery, especially with many gaining political ground.

Additionally, big corporations are paying labor and liberal governments in donations to avoid paying tax, with Bandt saying the extra cash should be splashed on giving back to the Australian people.

“I think people would rather Clive Palmer send them less texts, and instead pay a bit more tax.”

Bandt’s view on Newscorp’s climate announcement

Moving onto the ongoing climate emergency, Bandt says Newscorp’s latest announcement to end its long standing editorial hostility towards carbon reduction policies and hit net zero emissions by 2050, comes little too late.

A call to action is now in place for more to be done by the news company by 2030, a deadline which was set by scientists.

“If we don’t take action before 2030 then what we do in the decades after may not matter because we will have missed the window of reining in unstoppable climate change.”

The United Nations is calling on Australia to drop the use of coal by 2030, a position heavily supported by the Greens who aim to turn this into legislation.

“That’s what Labour, Liberal and Murdoch need to get behind because by 2050, it could well be too late.”

Written by Rebecca Borg

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Pope Francis dies aged 88 as world mourns historic papacy

The world mourns Pope Francis, the transformative first Latin American pontiff, who died at 88, with global tributes and a nine-day mourning period ahead of a conclave.

Published

on

The world mourns Pope Francis, the transformative first Latin American pontiff, who died at 88, with global tributes and a nine-day mourning period ahead of a conclave.


The world is grieving the loss of Pope Francis, the first Latin American pontiff and a transformative figure in the Catholic Church, who died aged 88.

Known as The People’s Pope, he championed mercy, humility, and compassion throughout his 12-year papacy.

Leaders across the globe, including President Trump and Australian Prime Minister Anthony Albanese, have paid tribute to his lasting legacy. A nine-day mourning period begins, followed by the election of a new Pope via conclave at the Vatican.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#PopeFrancis #Vatican #CatholicChurch #RIP #TickerNews #BreakingNews #GlobalTributes #PapalLegacy

Continue Reading

News

Pope Francis was a spiritual giant who championed humility

Pope Francis, aged 88, dies from double pneumonia, leaving a legacy of compassion and inclusion as the Church’s first Latin American and Jesuit leader.

Published

on

Pope Francis, aged 88, dies from double pneumonia, leaving a legacy of compassion and inclusion as the Church’s first Latin American and Jesuit leader.


Pope Francis has died at the age of 88, following complications from double pneumonia. The Vatican confirmed his death on Monday morning, with Cardinal Kevin Farrell announcing that “the Bishop of Rome, Francis, returned to the home of the Father” at 7:35am.

The first Latin American and Jesuit Pope, Francis led the Roman Catholic Church for over a decade, earning global praise for his humility, progressive stance, and focus on inclusion and compassion.

Just days before his passing, the Pope surprised crowds at Easter Sunday Mass, blessing worshippers in St Peter’s Square. Despite recent hospitalisation with bronchitis, he appeared in good spirits, even pausing to bless children from the Popemobile.

His death has triggered nine days of mourning in Italy. Leaders around the world have paid tribute. Prime Minister Anthony Albanese called him a man “whose compassion embraced all humanity,” while Opposition Leader Peter Dutton described his devotion as unwavering.

Francis will be remembered not only as a man of many firsts — the first Jesuit Pope, the first from the Global South — but also as a tireless advocate for the poor, refugees, and marginalised communities.

Continue Reading

News

Pope Francis dies, ending 12-year papacy

Pope Francis, the first Latin American Pope, dies at 88 after 12 years of tackling division and reform in the Church.

Published

on

Pope Francis, the first Latin American Pope, dies at 88 after 12 years of tackling division and reform in the Church.

In Short

Pope Francis, the first Latin American leader of the Roman Catholic Church, has died at 88 after a 12-year papacy marked by reform attempts and health issues.

His passing initiates a period of mourning and the process for selecting his successor.

Pope Francis, the first Latin American leader of the Roman Catholic Church, has passed away.

The Vatican confirmed his death in a video statement released on Monday. His papacy lasted for 12 years and was characterised by both division and tension.

“Dear brothers and sisters, it is with profound sadness I must announce the death of our Holy Father Francis,” Cardinal Kevin Farrell announced on the Vatican’s TV channel.

“At 7:35 this morning the Bishop of Rome, Francis, returned to the house of the Father.”

Concern for the poor

Jorge Mario Bergoglio was elected pope on March 13, 2013, surprising many Church watchers who had seen the Argentine cleric, known for his concern for the poor, as an outsider.

Pope Francis sought to reform the Roman Catholic Church, which faced criticism for its traditional practices.

At the age of 88, he had been dealing with several health issues during his time as pope. His leadership style often challenged the status quo within the Church.

Pope Francis’s death marks the end of a significant chapter in the history of the Vatican.

Jorge Mario Bergoglio was elected pope on March 13, 2013, surprising many Church watchers who had seen the Argentine cleric, known for his concern for the poor, as an outsider.

The global Catholic community will now enter a period of mourning and reflection. The process for selecting his successor will soon begin.

Carries the weight of the changes he proposed during his tenure.

Continue Reading

Trending Now