Tony Abbott and Joe Hockey, the prime minister and treasurer, had repeatedly announced (recently at the G20 meeting in Brisbane) that they would cut down on tax avoidance by large multinational companies. It now turns out that this was all cheap propaganda.
According to the Sydney Morning Herald 17.8.14., the government now announced that it would not proceed with legislating a package to combat tax minimisation introduced by the former Labor government under Julia Gillard, which would have brought in Aust.$ 600 million. Also according to that newspaper, “one of the loudest opponents of the plan to abolish deductions was liberal party donor Paul Ramsay…..”. At the same time, the treasury announced that job cuts to the public sector would be more severe (thousands more) than forecast, and the OECD “slams Australian budget as unsustainable”.
Any doubts left what this government stands for and that the budget lacks all fairness?