Opposition backs OECD approach and says Australians pay more while ‘losing out on funds’ as multinationals avoid taxation
But last week, Scott Morrison gave an “ironclad guarantee” that the Coalition would not raise taxes in the next term of parliament if he wins on 21 May – which prompted the opposition to query whether the government remained committed to multinational tax avoidance.
As well as the crackdown on multinationals, Labor’s budget strategy will include undertaking an internal audit of what it terms “rorts and wasteful spending” and trimming commonwealth spending on consultants and labour hire.Sign up to receive an email with the top stories from Guardian Australia every morning
Labor’s budget strategy document notes “the best way to fix the budget and pay down debt is to lift growth and boost incomes, and the best way to improve the economy and lift growth is to make smart and responsible investments to expand productive capacity, so the economy can grow faster than debt”.
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