Bank tax break crit­i­cised

The Advocate (Perth) - - NEWS -

UNIONSWA has re­leased find­ings of an analysis of the Fed­eral Govern­ment’s tax­a­tion mea­sure, which they be­lieve will ben­e­fit big banks at a cost to lo­cal ser­vices in the Pearce elec­torate.

UnionsWA sec­re­tary Mered­ith Ham­mat said the tax cut for big banks and loss of ser­vices such as schools, hos­pi­tals and roads across Pearce was es­ti­mated at $122.7 mil­lion.

“At a time when our lo­cal schools, hos­pi­tals, pub­lic transport and roads need more not less fund­ing, the Fed­eral Govern­ment is seek­ing to leg­is­late tax breaks for the big banks,” she said.

“For ev­ery home in the Pearce elec­torate, those tax breaks for the big banks equate to $2048 less for Fed­eral Govern­ment-funded ser­vices.

“We will take ev­ery op­por­tu­nity to re­mind work­ing peo­ple that tax breaks for the big banks can­not be jus­ti­fied.”

Pearce MHR Christian Porter said the UnionsWA claims were “half-truths and pro­pa­ganda”.

“The sug­ges­tion by Unions-WA that fund­ing to es­sen­tial ser­vices such as schools, hos­pi­tals and roads is be­ing cut in my elec­torate is just fac­tu­ally wrong at ev­ery level,” he said.

“Un­der the Fed­eral Lib­eral govern­ment, fund­ing to both hos­pi­tals and schools is at record lev­els in my com­mu­nity and continues to in­crease ev­ery year.”

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