The Labor conference passed a resolution for a Buffett rule’ for Australia on Friday that forces tall income earners to pay their impartial share of taxWith the budget in deficit and the government having learned its lesson about cutting services that most Australians see as vital,talk has turned to tax reform.
There is a way that we can raise $2.5bn a year by simply plugging tax loopholes used by very tall income earners. On Friday, the ALP national conference passed a resolution which referred to a Buffett rule for Australia. But what is a Buffett rule? Who would pay it and how would it work? And who is “Buffett”? Continue reading...
Source: theguardian.com