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Forum backs small business tax break: Brown

"There is a consensus emerging at the tax forum that the mining industry doesn't need tax cuts and there's a cry from the heart from small business, which employs almost half the Australian workforce," Australian Greens Leader Bob Brown said today.

"The Greens propose that the big banks and mining corporations forgo the Government's proposed tax cut, which would save $1 billion in government tax revenue just in 2012/13," Senator Brown said in Canberra.

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Greens’ small business tax cut best option: Brown

Australian Greens Leader Bob Brown said today cutting the company tax rate to 25% for small business would be better than allowing businesses to claim against past losses.

"The so-called ‘tax carry-back' option being mooted by the Government is second-rate compared to the Greens' plans for companies," Senator Brown said in Hobart.

Tax carry-back would render company tax even more volatile, with collections dropping more in a downturn.

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Greens propose 5% tax cut for small business by keeping big business tax at current rate

Australian Greens Leader Bob Brown has proposed that the company tax rate reduction from 30% to 29% for large companies - associated with the Government's mining tax - be replaced with a 5% cut for small businesses.

"The revenue from the mining tax should be re-focused on tax relief for small business. This will also keep billions of dollars in Australia which might otherwise go as profits offshore," Senator Brown said in Sydney today.

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Mining squeezes broader economy, report shows

Greens Leader Bob Brown said the Mining the Truth report released today by the Australia Institute turns the spotlight on the industry’s self-serving rhetoric and confirms the need to fix the government’s feeble mining tax.

“Much has been said by the mining industry about the impact of the mining boom on the mining industry, but there has been far less scrutiny of the impact on the rest of the economy,” Senator Brown said in Hobart.

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Mining squeezes broader economy, report shows

The Mining the Truth report released today by the Australia Institute turns the spotlight on the industry’s self-serving rhetoric and confirms the need to fix the government’s feeble mining tax.

Much has been said by the mining industry about the impact of the mining boom on the mining industry, but there has been far less scrutiny of the impact on the rest of the economy.

Read more