Multinational tax a matter of fairness - Transcript, ABC Radio Melbourne
E&OE TRANSCRIPT
RADIO INTERVIEW
ABC RADIO MELBOURNE
TUESDAY, 1 FEBRUARY 2022
SUBJECTS: Labor’s plans to make multinationals pay their fair share; the Liberals’ track record of inaction; the RBA meeting on rates and household budgets; Aged Care; billions in JobKeeper funds going to firms with rising revenue.
VIRGINIA TRIOLI, HOST: I'm always happy to talk to you, Andrew Leigh. Good morning.
ANDREW LEIGH, SHADOW ASSISTANT MINISTER FOR TREASURY AND CHARITIES: Good morning, Virginia. Great to be with you.
TRIOLI: Because the government is saying that Anthony Albanese is failing to rule out higher taxes, and he's going to one particular point about that, which is about the taxing on multinationals. And that actually is an area where you as opposition and government do want to see multinationals paying more taxes than they have right now. But when it comes to general taxation, and perhaps any threat of future taxation on general PAYG employees in this country, is Anthony Albanese clear? Will there be no new taxes on them?
LEIGH: We've been clear on that, that we're not going to be pursuing the measures on individual taxpayers we took to the last election. But we've got to do more on multinational taxation, Virginia. We've got two-fifths of multinational profits currently booked through tax havens. We've got some $100 billion of Australian moguls’ money sitting in tax havens - places like the Bahamas and Panama, where there are very low tax rates and where on one estimate four-fifths of the money is there in breach of other country's tax laws. Now, these aren't just tax avoidance mechanisms. These are also the places where terrorists, kidnappers, drug kingpins store their money. We have to crack down on tax havens, because they’re a cancer on the global tax system. I've found it remarkable that yesterday two of your Victorian ministers, Michael Sukkar and Jane Hume, put out a press release criticising Anthony Albanese for wanting to do more on multinational taxation. In Victoria, we had the incident a couple of years ago of the Stawell tyre dump being transferred to a company in Panama in order to avoid their clean-up obligations. Some 9 million tyres sitting at that dump and the attempt of the owners was to shift its ownership off to Panama, to a tax haven, and thereby avoid their liabilities. And it's that sort of problem that Labor wants to address.
Read moreMorrison doesn't give a RAT's about everyday Aussies - Transcript, Sky
E&OE TRANSCRIPT
TELEVISION INTERVIEW
PAUL MURRAY LIVE
THURSDAY, 27 JANUARY 2022
SUBJECTS: Labor’s Power to the People plan; Labor’s plans to reduce cost of living pressures; Supply chain issues, Scott Morrison failing Australians on rapid antigen tests.
PAUL MURRAY, HOST: Joining us right now representing the government is the Resources Minister Keith Pitt. Representing the Labor Party is Andrew Leigh, who is their Shadow Assistant Minister for Treasury. Lads, hello. Hopefully you both had a good summer.
ANDREW LEIGH, SHADOW ASSISTANT MINISTER FOR TREASURY AND CHARITIES: G’day, Paul. G’day, Keith.
KEITH PITT: It’s the electrician versus the economist.
Read moreSimple fact is our future demands economic diversity - Op Ed, The Australian
A MORE DYNAMIC ECONOMY
The Australian, 24 January 2022
Imagine a stock-trading Rip Van Winkle who went to sleep on Wall Street in the mid-1980s and just woke up today. When he looked at the biggest firms on the US market, he would be startled. In the mid-1980s, the largest US firms were IBM, Mobil, Exxon, Ford and General Motors. Today, they are Apple, Microsoft, Amazon, Alphabet and Facebook.
But if he’d gone to sleep on Bridge Street, Sydney, our stock trader might have wondered if he’d slept at all. In the mid-1980s, the largest Australian firms were Westpac, the Commonwealth Bank, NAB, ANZ and BHP. Today, they are Westpac, the Commonwealth Bank, NAB, BHP and CSL.
This isn’t just about firms, it’s about industries. A generation ago, the largest US firms included two oil companies and two car companies. Today, technology rules the roost. Yet in Australia, the same banks and the same mining company persist, with biotechnology firm CSL the only new entrant into the top five. Over the last generation, the biggest US businesses have been dethroned, and replaced by new firms from an entirely new sector. In Australia, it’s business as usual.
Read moreMorrison Government incompetence on display - Transcript, 2SM Mornings
E&OE TRANSCRIPT
RADIO INTERVIEW
2SM MARCUS PAUL IN THE MORNING
MONDAY, 17 JANUARY 2022
SUBJECTS: Novak Djokovic; Scott Morrison’s failure to call out antivaxxers in his own Government; Rapid Antigen Test shortage and Scott Morrison’s failure to plan ahead; Deloitte downgrading Australia’s economic forecast.
MARCUS PAUL, HOST: Time to catch up with Shadow Assistant Minister for Treasury and Charities and federal Member for Fenner, Andrew Leigh. Good morning, Andrew. How are you, mate?
ANDREW LEIGH, SHADOW ASSISTANT MINISTER FOR TREASURY AND CHARITIES: Terrific, Marcus. The better for being with you today.
PAUL: Thank you. I hope you’re well. You haven't contracted COVID yet, have you?
LEIGH: No. Our family’s been thankfully COVID free, but there's certainly a lot of about at the moment.
PAUL: Absolutely.
LEIGH: Running rampant through the community.
PAUL: Alright. Well, one of the big issues of course - it's hard to escape - Novak Djokovic. I guess the question needs to be asked, and maybe after the tournament itself has been run and won maybe Tennis Australia can pony up and answer some questions, but why was he ever given a visa in the first place?
Read moreCharities sick of fighting off attacks by Morrison Government - Op Ed, The Guardian
CHARITIES ARE SICK OF FIGHTING OFF ATTACKS BY MORRISON GOVERNMENT
The Guardian, 15 January 2022
One of the key steps in the autocrats’ playbook is to suffocate civil society. From Venezuela to Belarus, elected leaders who have overseen a democratic decline have harassed volunteers, shut down community groups, and curtailed charities. The last thing a strongman needs is a group of engaged community leaders telling people the truth.
Five years ago, international not-for-profit Civicus started tracking how countries treat civil society. When they began, Australia occupied the top ranking: “open”. That’s the rating enjoyed by Germany, Canada, Sweden, New Zealand and many other advanced countries.
Read moreLeaders must be readers - Op Ed, The Sydney Morning Herald
WHAT BOOKS OUR LEADERS SHOULD BE READING... AND WHY
The Sydney Morning Herald, 8 January 2022
Forced into teenage work to support his family, John Curtin made up for his lack of formal education with a lifetime of reading. As a young man, he would stay late at the Melbourne Public Library. As Curtin's great-grandson Toby Davidson notes, an hour each Sunday was reserved for reading poetry. When he became Prime Minister, Curtin’s deep inner life engendered respect across the political spectrum. He had read enough in foreign policy to know that Australia needed to reach out to the United States ‘free of any pangs as to our traditional links or kinship with the United Kingdom’. His reading of Keynes and Pigou shaped Curtin’s decision to introduce unemployment benefits and plan for a full-employment economy after World War II. Books shaped Curtin, and Curtin shaped Australia.
2021 has been a bumper year for books about big ideas. In fact, you might say there’s been a cabinet-full of books, in the sense that there’s something for every member of cabinet to devour.
For the industry minister, Kazuo Ishiguro’s science fiction novel Klara and the Sun explores a world of artificial intelligence and genetic engineering. Walter Isaacson’s The Code Breaker: Jennifer Doudna, Gene Editing, and the Future of the Human Race delves into what current CRISPR gene editing technologies can achieve. Like Isaacson’s previous biographies of Leonardo Da Vinci, Albert Einstein and Steve Jobs, the focus isn’t just on the outcomes, but on how extraordinary minds think differently. Reading their stories is a reminder that breakthroughs are more likely to happen when every child has the teachers, mentors and funding that empowered the world’s best innovators.
Read moreAn Economy As Good As Our Sports Stars - Op Ed, The Daily Telegraph
TOO SLOW IN A FAST WORLD
Daily Telegraph, 4 January 2022
Sports stars are getting more remarkable every year. In 1950, no-one in history had run a four-minute mile. Now, there are more than a dozen high school students who have managed the feat. In 1950, the bench press world record was 181 kilograms. Now, it is 355 kilograms.
Today’s elite athletes have better equipment, better nutrition and better coaching than in past generations. Competitors start training at a younger age, and train harder than ever before.
Yet while today’s sporting stars are faster, higher and stronger than ever before, the same cannot be said for the Australian economy. Even before COVID hit, economic growth had slowed. Wage growth was tepid. Construction and business investment were languishing.
Read moreActually, Zed, Labor will make us a clean energy superpower - Op Ed, The Canberra Times
CLIMATE CHANGE AND CANBERRA
The Canberra Times, 30 December 2021
They’re only a few dozen kilometres apart, but there’s a remarkable difference between the conversation about climate change in schools in my electorate, and from conservative Liberal and Nationals in Parliament House. Canberra’s school students know that Australia needs to take stronger action on climate. They’re excited about renewables. They love electric vehicles. The tinfoil hat brigade in the Coalition party room want to use taxpayer money to fund new coal fired power stations that the private sector won’t touch with a barge pole. They fearmonger about renewables. They claim that electric vehicles will end the weekend.
Sadly, Australia’s most progressive jurisdiction has one of the most conservative senators in the federal parliament. When Zed Seselja isn’t voting against territory rights, he’s peddling baseless fear campaigns about the dangers of climate action. Zed is a walking example of why Australia recently ranked last for climate policy among 64 countries in the Climate Change Performance Index – worse than Kazakhstan, Saudi Arabia, Russia and Brazil.
Read moreCrossing the Road Without Checking for Traffic - Op Ed, Lowy Institute Interpreter
WHAT’S THE WORST THAT COULD HAPPEN? TACKLING EXISTENTIAL RISK
Lowy Institute Interpreter blog, 23 December 2021
What would happen if you decided to cross the road without checking the traffic? Odds are that you’d survive unscathed. But do it enough times and you’re likely to come a cropper.
As a species, humanity is now playing with technological innovations that pose a small but real risk of ending our existence. Tens of thousands of nuclear weapons pointed at major cities. Biotechnology that could allow the creation of deadly pathogens. Computer technology that could create a machine that is smarter than us and doesn’t share our goals. And all the while climate change could lead to unstoppable feedback loops.
As a teenager, I joined Palm Sunday anti-nuclear rallies. As an adult, I’ve been a strong advocate of climate change action. But when I entered parliament in 2010, the issue of existential risk didn’t loom large on my radar. My priority was people’s quality of life, not the end of life itself.
Read moreWhy has no person of colour ever served on the High Court? - Op Ed, AFR
WHY HAS NO PERSON OF COLOUR EVER SERVED ON THE HIGH COURT?
The AFR, 22 December 2021
In 120 years, no judge of colour has ever been appointed to the High Court of Australia. Asian Australians comprise 10 percent of the Australian population. Yet across all courts, the Asian Australian Lawyers Association estimates that only 1 percent of Australian judges are Asian-Australian.
When it comes to gender, the figures aren’t much better. Across federal and state courts, only 39 percent of judges are women. This is despite the fact that women comprise amajority of lawyers, and a majority of the population as a whole. The share of Australians with a non-Anglo background is high and rising. Yet if you go into any courtroom in the country, it’s most likely that you’ll see a white bloke on the bench.
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