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Go to - FDNC NEWS FORUMS > Australian - Latest Political Stories > "Political War" Over Tax Policy

Posted by: Charles Jun 27 2018, 12:15 PM
Labor urged to scrap plan to raise company tax, Malcolm Turnbull accuses Bill Shorten of declaring war on business

By political correspondent Louise Yaxley

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Prime Minister Malcolm Turnbull has seized on Bill Shorten's move to put company taxes back up if Labor wins government, declaring a "political war" is now raging over tax policy.

The Opposition Leader surprised some of his colleagues yesterday when he said a Labor Government would put tax back up to 30 per cent for businesses with turnover between $10 million and $50 million.

"This is an assault on jobs, it's an assault on enterprise, it's an assault on innovation and small and medium-sized family businesses," the Prime Minister said of Labor's decision this morning.

To drive home his point, Mr Turnbull visited a Canberra building business, Universal Trusses, that would pay a higher tax rate if Labor was elected.

"They're not a giant multinational, they are a hard-working, Australian-owned family business," Mr Turnbull said.

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Photo: Malcolm Turnbull visited Canberra business owner Arthur Potter at Universal Trusses. (ABC News: Nick Haggarty)

The company tax cuts that have already been implemented mean Universal Trusses will pay a 27.5 per cent rate of tax rather than 30 per cent.

The changes kick in this Sunday, when the new financial year starts.

Universal Trusses owner Arthur Potter told the Prime Minister that would help his company and its 60 employees.

"We want to expand the business, we want to continue to grow, which means we employ more people and we can pay them better. And we need incentive to do that," Mr Potter said.

"In the long run you actually get more tax if we are more successful."

Mr Turnbull said Mr Potter's business had confidence and was "making a quid".

"Bill Shorten is the biggest threat to a strong economy and his assault on small and medium family-owned Australian businesses yesterday is just the latest part of his war on business," Mr Turnbull said.

'Pharmacies and supermarkets' put at the heart of tax row

Mr Shorten announced the Labor policy in a single-word answer to journalists yesterday.

But he said the ALP had other options for those businesses that would face a tax increase.

"I am saying to them that what will happen is we will make sure that you've got highly skilled apprentices, we'll make sure that when your workers are sick they can get to see the doctor quickly so they can return to work more effectively," Mr Shorten said.

He said a Labor Government would offer better broadband, training and infrastructure, as well as lower power prices.

The Australian Chamber of Commerce and Industry (ACCI) called the Labor policy a "kick in the guts", saying it would affect more than 10,000 businesses, with a combined workforce of more than 1 million.

"This is your local pharmacist, your local supermarket, your local builder," ACCI chief executive James Pearson said.

"We call on Labor to reconsider its position and back business, not pull it down."

The PM has also attacked Mr Shorten's approach to the announcement, calling it a "captain's call" because he did not follow the normal process of taking the decision to shadow cabinet.

Opposition frontbencher Mark Butler confirmed it was Mr Shorten's decision but said he did not want to go into details.

"I'm not going to go into those process arguments, it's a decision and an announcement that's been made by Bill Shorten," Mr Butler said.

"Frankly, it's been well understood out in the community since the election that we've been considering our position."

The Senate has so far refused to pass the Government's full plan for corporate tax cuts.

It is these sort of shoot-from-the-hip "captain's calls" that make Shorten a political liability. Mark Butler's guarded comments say it all. I wouldn't be surprised to see Shorten replaced by Anthony Albanese between now and the next election. Bill Shorten's approval rating would be of concern to the power brokers within the party.

Posted by: Bear Jun 27 2018, 02:31 PM
Sorten has lost support.

Labor MP repeatedly refuses to back Bill Shorten's leadership in trainwreck radio interview.

A robust radio interview has revealed the confusion and doubt within Labor ranks over a “captain’s call” by Opposition Leader Bill Shorten to repeal tax cuts for small and medium companies, escalating the political row over his move.

Tasmanian Labor MP Ross Hart refused to endorse the policy for long parts of an interview on Wednesday morning, insisting he wanted companies to post good profits but side-stepping questions about the tax policy.

Mr Hart admitted the major decision did not go to the Labor caucus or the shadow cabinet, calling it a “captain’s call” and telling radio host Brian Carlton he would rather talk about it “another time”.

“He’s the leader of the party, he has announced this, there’s been a lot of observations about the fact that this has been, as you say, a captain’s call,” Mr Hart said after side-stepping questions for minutes.

“He has announced it in response to a direct question with respect to this issue, that he wants to see a repeal of this. That’s a matter for Bill Shorten. He has announced that, as I said.”

Labor needs to dump Shorten asap, Anthony Albanese is Labor's best prospect.

Posted by: Alicia Jun 27 2018, 03:47 PM
Captain, I thought it was a group decision for labor policy, not a dictatorship.

Posted by: charka Jun 27 2018, 06:02 PM
What do you mean war That is where they use guns and things[ not a bad idea] for Parliament of thieves Huff Puff

Posted by: Michael.W Jun 28 2018, 09:26 AM
Ahh Taxation. It has 2 simple methods.

Used it to buy your way into power, the other

is to steal monies from people for a persons gratification to satisfy the Marxism or communism domination system.

Posted by: Bear Jun 29 2018, 06:13 PM
Bill Shorten backflips on tax rise.

Labor leader Bill Shorten has abandoned a tax hike on 20,000 Australian businesses following days of internal pressure and condemnation from the business community.

Members of Labor's shadow cabinet were summoned to Sydney on Friday to finalise Labor's position on the policy after Mr Shorten announced Labor would repeal the tax cuts if elected weeks before they face five byelections.

The tax cuts from 30 to 27.5 per cent for businesses earning between $10 million and $25 million have been in place since July, while cuts for businesses earning up to $50 million were due to begin on Sunday.

Prime Minister Malcolm Turnbull described the back-down as "completely and utterly humiliating" and showed Mr Shorten had "no authority within his own party".

"What he has given today is a vote of no confidence in Australian business and a huge vote of no confidence in himself," he said.

Mr Shorten said he regretted taking the position. "I tell you what, the optics of not changing your mind and not listening are far worse," he said.

"I tell you what, the optics of not changing your mind and not listening are far worse," he said.

Not listening is a common trait of politicians, BS is not fit to fill the shoes of PM he obviously has little knowledge about business or our tax system, this comes as no surprise - BS Shorten needs to go he is no more than a blundering fool.

While he accuses others of living the high life he does the same, BS is a fraud.

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Shorten's Havana dreaming with Kitching and Landeryou.

When Bill Shorten famously jaunted to South America on the Pratt family jet when he ran the Australian Workers Union, it seems it was more than a family affair.

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