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What about your tax obligations, Mr Costello?



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Australian Democrats Press Releases

Senator Lyn Allison Parliamentary Leader and Democrats Senator for Victoria Dated: 25 March 2005 Press Release Number: 05/136

Portfolio: Taxation, Finance & Corporate Affairs

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What about your tax obligations, Mr Costello?

The Australian Democrats call on Federal Treasurer, Peter Costello, to stop grandstanding on State business tax cuts, saying income tax reform is far more pressing.

"Before laying down ultimatums to the States, Mr Costello should be reviewing his own tax system that taxes people earning far less than the poverty line."

Democrats Leader, Senator Lyn Allison said there was a removal of a range of state taxes upon the introduction of the GST and, whilst the States agreed to review other taxes, there was no obligation to abolish them.

"Mr Costello should be looking to better funding for health and education and reflecting on the $12 billion spent on getting his Government re-elected rather than carping about obscure taxes.

"The Federal coffers are much deeper than the States and it is time they accepted greater responsibility for massive increases in housing costs and the resultant record household debt levels."

Senator Allison said Peter Costello should stop throwing stones and fix the problems in his own glass house.

"The Federal Government has accumulated $20 billion in cash surpluses over the past four years while the economy is at grave risk from poor export levels, a massive skills shortage, ageing infrastructure and a looming crisis in oil prices," Senator Allison said.

"Another $24 billion in surpluses is budgeted for the next four years so Mr Costello should be the last person to threaten the States on appropriately spending funds.

"The Federal Government must focus on reducing income taxes for people earning as little as $6,000 line instead of bickering with the states about tax cuts that are arguably unnecessary," Senator Allison concluded.