[New post] NSW 2015 – Legislative Council update
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11:00 AM (14 minutes ago)
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Managing director of Ebono Institute and major sponsor of The Generator, Geoff Ebbs, is running against Kevin Rudd in the seat of Griffith at the next Federal election. By the expression on their faces in this candid shot it looks like a pretty dull campaign. Read on
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11:00 AM (14 minutes ago)
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10:52 AM (2 minutes ago)
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4:05 PM (12 minutes ago)
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Dear Friend,
In breaking news, Indian mining giant Adani can say au revoir to funding for the Galilee Basin mega coal mines from France’s three largest banks*.
Overnight, BNP Paribas, Société Générale and Credit Agricole have publicly ruled out involvement in the Galilee coal mines and expansion of Abbot Point port on the Great Barrier Reef. This is a huge victory and adds to the commitments of eight other European and Wall Street banks that have rejected this climate and reef disaster.
While their global peers show leadership, Australia’s big banks continue to fence sit. However, one bank has already jumped the fence. As we speak, the Commonwealth Bank is advising Adani and considering financing the largest mine in the Galilee Basin.
As Adani becomes increasingly desperate for money, they’ll be pressuring CommBank to fund this climate disaster harder than ever — which means that, over the coming months, we must show CommBank that Australians everywhere reject massive new coal expansions in the Galilee Basin and ports on the Reef.
And that’s why we are going to Raise the Heat on CommBank! From 19-23 May, at CommBank branches around the country, Australians everywhere — customers and non-customers alike — will engage in creative and bold actions to put the Bank’s reputation on the line. We’ll even be joined by friends taking action at CommBank offices around the world.
Sign up to take part in Raise the Heat actions at a branch near you!
The announcement last night from the major French Banks shows, once again, that there is no future for the Galilee Basin coal mines. Yet CommBank continues to block its ears to the enormous environmental, social and economic risks that have driven the major coal-lending banks away. That’s why, branch by branch, it’s time to make our case louder and more powerful than ever. It’s time to put CommBank’s reputation on the line.
Yours for a safe climate and reef,
Josh and Janelle for the 350.org Australia Team
P.s Can’t see a CommBank branch near you? Keen to be involved? You can register a CommBank branch of your choice here and help coordinate actions during Raise the Heat. We’ll be here to support you each step of the way — get started by registering a branch today.
—-
*Big French Banks Rule out Galilee Coal Funding, The Sydney Morning Herald, 8th April.
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4:05 PM (12 minutes ago)
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Dear Friend,
In breaking news, Indian mining giant Adani can say au revoir to funding for the Galilee Basin mega coal mines from France’s three largest banks*.
Overnight, BNP Paribas, Société Générale and Credit Agricole have publicly ruled out involvement in the Galilee coal mines and expansion of Abbot Point port on the Great Barrier Reef. This is a huge victory and adds to the commitments of eight other European and Wall Street banks that have rejected this climate and reef disaster.
While their global peers show leadership, Australia’s big banks continue to fence sit. However, one bank has already jumped the fence. As we speak, the Commonwealth Bank is advising Adani and considering financing the largest mine in the Galilee Basin.
As Adani becomes increasingly desperate for money, they’ll be pressuring CommBank to fund this climate disaster harder than ever — which means that, over the coming months, we must show CommBank that Australians everywhere reject massive new coal expansions in the Galilee Basin and ports on the Reef.
And that’s why we are going to Raise the Heat on CommBank! From 19-23 May, at CommBank branches around the country, Australians everywhere — customers and non-customers alike — will engage in creative and bold actions to put the Bank’s reputation on the line. We’ll even be joined by friends taking action at CommBank offices around the world.
Sign up to take part in Raise the Heat actions at a branch near you!
The announcement last night from the major French Banks shows, once again, that there is no future for the Galilee Basin coal mines. Yet CommBank continues to block its ears to the enormous environmental, social and economic risks that have driven the major coal-lending banks away. That’s why, branch by branch, it’s time to make our case louder and more powerful than ever. It’s time to put CommBank’s reputation on the line.
Yours for a safe climate and reef,
Josh and Janelle for the 350.org Australia Team
P.s Can’t see a CommBank branch near you? Keen to be involved? You can register a CommBank branch of your choice here and help coordinate actions during Raise the Heat. We’ll be here to support you each step of the way — get started by registering a branch today.
—-
*Big French Banks Rule out Galilee Coal Funding, The Sydney Morning Herald, 8th April.
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12:17 PM (25 minutes ago)
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10:48 AM (1 hour ago)
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Dear NEVILLE,
At least 75 millionaires are paying less tax than you — in fact, they’re not paying any tax at all.
According to the Australian Tax Office, 75 Australians made more than $1 million in 2011-12 and paid zero tax — none.1 And they spent an average of $850,000 on aggressive tax avoidance, which they then got to claim as — you guessed it — a tax deduction!2
But thanks to the generous donations of GetUp members through our Brighter Budget campaign, our friends at The Australia Institute have developed a smart, sensible way to stop this rorting: “The Buffett Rule”.3
The Buffett Rule says: Right, enough of all of this loophole rubbish, the wealthiest 1% of income earners have to pay at least 35% in income tax — based around the rate paid by many Australian workers.4 This new tax Rule could raise nearly $2.5 billion per year – more than the Abbott Government’s cuts to Newstart benefits and the age pension combined.5
Both the Government and Labor Opposition are finally talking about revenue measures for the Budget, and are looking for what works and what’s popular. Together, we can deliver them the Buffett Rule on a silver platter by backing it and sharing it with our friends.
The Buffett Rule was inspired by multi-billionaire U.S. investor Warren Buffett. After Mr Buffett pointed out the gross unfairness of his secretary paying more tax than he did, President Obama proposed the Buffett Rule to ensure the wealthiest Americans paid at least the same tax rate as middle income earners.
The Buffett Rule became hugely popular, with the Wall Street Journal even reporting that 68% of millionaires supported a Buffett Rule in some form.6 So even those benefiting from these tax loopholes can’t help but support it!
GetUp’s member-funded Brighter Budget campaign aims to build a better future through smarter, fairer Budget policies. Through this first policy report, we’re bringing the Buffett Rule to Australia and applying it to high income tax dodging. This includes people who make millions and then reduce their taxable income down to an averge of $1.09 per year.7
GetUp members are funding research right now showing that this idea could be hugely popular in Australia too, especially in the key marginal electorates that will determine the outcome of the next election. But with the report launching today, now’s the time to get immediate public support behind it to grab the attention of our leaders. Click below to sign the petition:
https://www.getup.org.au/buffett-rule
Big corporations are rightly under the microscope for their tax avoidance measures right now – something GetUp members have been campaigning to achieve. But we can’t let millionaire tax dodgers get off scot-free either.
The principle is the same: everyone should pay their fair share to support the benefits we all get by living, working or running a business in Australia. Click here to join the fight.
Thanks for all you do,
Mark, Evan, Georgina and Nat for the GetUp team
PS – The graph below shows how the use of tax deductions skyrockets for the very highest income earners. One simple rule – The Buffett Rule – would change all that. Sign the petition today and share it with your friends.

Source: “Closing the tax loopholes: A Buffett rule for Australia”, The Australia Institute, 7 April 2008
References:
1. “Closing the tax loopholes: A Buffett rule for Australia”, The Australia Institute, 7 April 2008
2. Same as above.
3. “‘Buffett Rule’ proposed to make sure high earners pay some tax”, The Sydney Morning Herald, 8 April 2008.
4. “Closing the tax loopholes: A Buffett rule for Australia”, The Australia Institute, 7 April 2008
5. “Changed indexation of pensions and tightened eligibility for all benefits”, Budget Review 2014-15, Parliament of Australia
“Federal budget 2014: Young to wait until 25 to get dole”, The Sydney Morning Herald, 14 May 2014
6. “Millionaires Support Warren Buffett’s Tax on the Rich”, The Wall Street Journal, 27 October 2011
7. “Closing the tax loopholes: A Buffett rule for Australia”, The Australia Institute, 7 April 2008
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6:39 PM (8 minutes ago)
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