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Put mining tax on the table to raise revenue

The Australian Greens call on the Prime Minister to explain why she has put all options on the table to raise revenue except the most obvious one - the mining tax.

"Julia Gillard, Wayne Swan and Penny Wong need to explain why the resources giants are being treated with kid gloves and shielded from any tax increase, while the community is being asked to foot the bill for the budget black hole," Australian Greens Leader Senator Christine Milne said today.

"In the Senate Inquiry hearing into the mining tax yesterday, established by the Greens, Economics Professors Ross Garnaut and John Quiggin said there is no reason why Labor should not put a consistent 40 per cent tax across oil, gas coal, iron ore and other commodities such as gold.

"Both professors agreed the mining tax is flawed and its biggest failure is the royalties loopholes.

"We have costed initiatives which show that the government could raise $26 billion if it fixed the mining tax, and a further $13 billion would be raised if it scrapped government subsidies to the big mining companies.

"The Greens are the only party that can be trusted to stand up to the big mining companies to raise the money we need to fix the revenue shortfall and fund the National Disability Insurance Scheme."

Greens disability spokesperson Senator Rachel Siewert said "the Greens have been strong supporters of the NDIS, we look forward to the NDIS being implemented, and we will look at all the revenue raising measures being proposed by the government - but the mining tax must be there as well."

"Julia Gillard is hypocritical if she says everyone must pay except the wealthiest," Senator Milne said.

 

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