Expensive Effects for Brisbane Consumers under the Coalition - Media Release

ANDREW LEIGH MP
SHADOW ASSISTANT TREASURER
SHADOW MINISTER FOR COMPETITION
MEMBER FOR FRASER
 
PAT O’NEILL
LABOR CANDIDATE FOR BRISBANE

EXPENSIVE EFFECTS FOR BRISBANE CONSUMERS UNDER THE LNP

At the same time as talking up a tax cut for big businesses, the Turnbull Government has committed to introducing an ‘effects test’ that will raise prices on everyday groceries such as bread and milk.

Having just backed down on the GST, the Government has moved to implement another policy that will see consumers pay more.

We know already the Deputy Prime Minister believes the “proper price” of milk is anywhere up to $11 a litre.

Labor has consistently opposed the effects test as it will have a chilling effect on competition. Companies fear that under an effects test, engaging in legitimate competitive conduct such as selling cheap bread and milk could land them in court.

Labor’s candidate for Brisbane Pat O’Neill said “Shoppers in Brisbane are asking why multinationals pay less tax and keep more profits while wage growth slows and many families struggle to pay the bills”.

Labor believes that fairness must be reflected in competition and tax policy.

  • Labor fights for tax transparency measures. A recent Liberal-Greens backroom deal saw over 600 large private companies shielded from tax transparency measures introduced by Labor.
  • Labor will implement its $7.2 billion multinational tax plan to ensure big businesses pay their fair share to keep vital services running for all Australians.
  • Labor will protect penalty rates and working conditions for low and middle-income earners.
  • Labor opposes the effects test which will have a chilling effect of competition, raise prices of everyday groceries, and impact lower income and regional Australians the most.
  • Labor will tackle negative gearing and the capital gains tax discount to ensure young Australians can enter the property market and make housing more affordable, rather than giving property speculators an unfair advantage. 

Whoever the LNP put up in Brisbane, they will stand for these unfair tax policies that don't share the values of Brisbane families, workers and small businesses.

Only Labor will deliver a fairer and more egalitarian Brisbane.

WEDNESDAY, 31 MARCH 2016
 
MEDIA CONTACTS: NICK GREEN (LEIGH) 0402 575 042
                                       MARTIN DE ROOY (O’NEILL) 0434 491 668


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