2025-09-09
Labor can’t let Australia’s biggest corporations write their own rules to protect their profits, following reports the Business Council is trying to veto a proposal for a net cash flow tax, the Greens say.
“Labor has an abject track record of taking marching orders from big business, and it’s time they stopped,” Greens Economic Justice spokesperson Senator Nick McKim said.
“The BCA doesn't want high climate targets. It doesn't want strong environment laws. It doesn't want action on supermarket price gouging. And now they’re telling Labor to block even the smallest step toward making big corporations pay more tax.”
“The question is whether Labor will finally stand up to their friends and donors in the Business Council.”
Senator McKim said the Productivity Commission’s proposed net cash flow tax has panicked the very corporations that have spent decades dodging their tax responsibilities.
“One in three large corporations don’t pay a cent in tax. Many of the rest hide their profits offshore. It says everything that even a modest proposal has sent the BCA into overdrive.”
“Our priority remains taxing the super profits of coal and gas corporations, who are driving the climate crisis and ripping off Australians. But we’ll look at any reform that helps support clean, productive investments while ensuring the biggest corporations pay their share.”
“Every dollar in tax these corporations avoid is a dollar that doesn’t go into schools, hospitals and housing. Labor needs to decide whether they’re here for the public, or for the profiteers.”