Labor aims for $1.9b from multinational tax crackdown | swrighteconomy
the Coalition’s 23.9 per cent tax-to-GDP cap, arguing no Labor government has ever come close to the target, which is unlikely to be reached until next decade.
Chalmers and Gallagher argue their measures address tax minimisation while also improving the budget bottom line. It commits to “sensible and staged savings” from outsourcing arrangements, which Chalmers and Gallagher said will reduce spending by $3 billion over the next four years. “Labor is not attracted to the current cap and does not believe it needs to be revisited, given that both sides will not approach it in the forward estimates,” they said.
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