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Blunt warns Labor's wealth tax is on the way: Tax Office builds database



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1harles Blunt National Party Federal Member for Richmond

MEDIA RELEASE CHARLES BLUNT, MP FEDERAL NATIONAL PARTY MEMBER FOR RICHMOND SHADOW MINISTER FOR COMMUNITY SERVICES AND

COMMONWEALTH PARLIAMENTARY LIBRARY c. I. s.

SHADOW MINISTER ASSISTING THE LEADER OF THE NATIONAL PARTY

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BLUNT WARNS LABOR'S V7EALTH TAX IS ON THE WAY: TAX OFFICE BUILDS DATABASE

National Party Frontbencher, Charles Blunt, today warned that the Hawke Labor Government's wealth tax is imminent.

Mr Blunt is Shadow Minister for Community Services and Shadow Minister Assisting the Leader of the National Party.

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He said, "Professor Fred Gruen has proposed a 4% annual tax on houses. The proposal has been reviewed by E.P.A.C. He has also suggested the extension of the Capital Gains Tax to the family home."

"For years the Labor Party has been talking about a wealth tax. Last year they wanted a Wealth Enquiry. The aim was to find out details of people's assets in order to make it easier to impose a tax.

"The I.D. Card would have revealed everything to the Treasurer. There would have been no secrets. Thank goodness it was beaten.

"Labor is in search for more tax revenue, knowing there is more than one way to skin a cat", he stated.

"The Australian Tax Office is building a massive data base on all Australians. Already, Family Allowance payments are cross-referenced between the Tax Office and the Department of Social Security.

"Next year the Family Allowance will be assets tested. What questions will be asked? What will the form look like? Who will hold the data, and who will have access to it?", he questioned.

"This new Assets Test will provide massive amounts of information on the finances, possessions and wealth of most Australians.

"The Australian Tax Office has, through its maintenance collection ' agency, access to Family Law Court decisions and details of settlements.

"Labor Cash Transactions Report legislation will also give the Tax Office another source of information on the assets and investments of thousands of Australians.

"This year's tax return forms require details of bank accounts and other investments for everybody - parents and children. They also want account numbers", he said.

"If the proposed tertiary education surtax goes ahead, the Australian Tax Office will have access to education records including subjects and pass and failure information.

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"All this is happening already and Treasurer Keating hasn't introduced his tax file numbering system, let alone told us work.

"The Australian Tax Office has just ordered new computers. much information they'll need them.

"Big brother is here and I'll bet he's planning a new tax - tax", Mr Blunt concluded.

ends FOR INFORMATION OR INTERVIEW CALL CHARLES BLUNT ON (066) 72 MURWILLUMBAH 21/07/88

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