Read the full Green Taxation and Monetary Policy
A good tax system is one that raises enough money to fund the level of Government services we need and: i) Promotes greater equality between us; ii) Creates incentives to move the economy in a more sustainable direction, and; iii) Is resilient, collecting taxes from a broad-base treating different sources of income equally.
To promote greater equality, the Greens will enhance the progressivity of the tax system by introducing an income tax-free threshold of $10,000 and a comprehensive capital gains tax (excluding the family home).
To create incentives to move the economy in a more sustainable direction, the Greens will introduce a suite of ecological taxes on waste, pollution, and a levy on commercial water use.
The introduction of a comprehensive capital gains tax, new ecological taxes, and through better enforcement of current tax law, the tax base will be broadened and hence made more resilient.