Labor’s answer: نعمBroadly, Labor considers a fair tax system would encourage all Australians to work, equitably distribute wealth and allow governments to provide public services. However, Labor also supports the allocative efficiency of markets, “except where interventions would address market failures and serve environmental or social purposes”.
The National Platform states that Labor tax reform would ensure “everyone pays their fair share of tax” and specifically mentions that executives and the wealthy should pay a “fairer” share of tax. The stated goal of these reforms is to ensure that all levels of government have a sound revenue base for investing in social and economic infrastructure and quality public services.
The Rudd Labor government announced its response to the Henry Review in May 2010. The centrepiece of this announcement was the Resources Super Profits Tax (RSPT), a 40% tax on mining profits, in addition to the normal level of company tax. All non‐renewable resources were included, although companies co...Source
