Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Thursday, 17 February 1977
Page: 180

Mr BAILLIEU (LA TROBE, VICTORIA) - My question is directed to the Treasurer. Has the Government made a detailed examination of recent proposals calling for a reduction in the level of indirect taxes? If so, will the Treasurer tell the House which proposals have already been studied and the likely consequences if such cuts were to be made at present?

Mr LYNCH -The Government certainly has looked at all the proposals which have been put forward, and in particular the proposal emanating from the Opposition that indirect taxes ought to be cut to reduce inflation at a cost of $400m for each percentage point. No doubt the Leader of the Opposition believes that inflation can be reduced by 10 per cent and paid for by a $4 billion overseas loan, but calls for tax cuts are strange coming from an Opposition Leader who is on the record not so very long ago as describing such calls as amounting to no more or no less than economic vandalism. They are even stranger when it is remembered that it was his Government that increased indirect taxes in each of its 3 Budgets. All Australians will recall the massive increases in the rates of indirect taxes in Labor's last Budget when the man in the street was hit to leg by steep rises in taxes on cigarettes, beer, spirits and petrol. Against the background of the record of the Leader of the Opposition I say that his proposals for cuts in indirect taxes amount to no more than humbug and hypocrisy.


Mr LYNCH -I withdraw the word 'hypocrisy'; I can maintain the word 'humbug'.

Mr SPEAKER - And the word 'humbug'. The Minister will withdraw both.

Mr LYNCH -I withdraw it.

Suggest corrections