Aussies are stunned: Treasury just confirmed we’ll rake in $2.7B from beer excise in 2025-26… but only $1.5B from PRRT on our massive offshore gas exports. We’re one of the world’s biggest LNG exporters, yet multinational gas giants pay less tax than punters pay on a slab.
This is broken. Gas companies dodge super-profits tax with endless deductions while everyday drinkers get slugged. Time to fix PRRT, slap on real royalties or a flat export tax, and build a proper sovereign wealth fund for future generations—not corporate handouts.
Why are we taxing beer harder than billion-dollar gas rip-offs? Tax the extractors, not the exhausted.
#PRRT #GasTax #ResourceRent #AustraliaInstitute #TaxJustice #EndCorporateWelfare

https://tinyurl.com/3yctcwvy

@dyckron
I wonder how many of those cut jobs were paid for by Canadian taxpayers? 🤔

#FossilFools #EndCorporateWelfare

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Act Out Tees

*Related to my post from yesterday.

#BCNDP's #HousingHub program is coming under #scrutiny after one #TaxpayerSubsidized #RentalBuilding in #Vancouver's #Kitsilano neighbourhood, touted as "affordable", is now listing units for $2,600 per month for a studio & $4,200 per month for a 2 bedroom unit.

The listed #RentalPrices are well above provincial #AffordableHousing thresholds & one #housing #researcher says it's an example of how difficult it is to build #AffordableRental buildings when market prices are so far beyond what average #renters can afford.

The leader of the #BCGreenParty called it an "infuriating" #misuse of #TaxpayerDollars.

The #BCNDPgovernment provided a $31.8 million #LowInterestLoan to Vancouver developer #JamesonDevelopmentCorp. for the 68-unit rental building through the HousingHub program, which is aimed at providing housing to middle-income renters shut out of the real estate market.

#BCPremier #DavidEby, who was the minister -responsible for housing at the time, was quoted in a December 2021 government news release announcing the project.

"Our government is investing in more affordable housing for people who work and live in Vancouver, and throughout B.C." he said.

The building at 1807 Larch St., called the L2, is set to be complete next month & is now advertising units.

According to the building's website, a 400-square foot studio apartment starts at $2,599 a month & a 840-square foot two-bedroom, two-bath unit is listed for $4,299 a month.

https://www.cbc.ca/amp/1.7288112

#YYJpoli #VanPoli #YVR #BCpoli #CDNpoli #HousingForAll #HousingCrisis #HousingFirst #EndCorporateWelfare #BChousing #Corruption #BCNDPFailures

B.C. HousingHub program touting 'affordable rentals' under fire

The now-scrapped HousingHub program was launched with the promise of spurring the construction of affordable rental units — but critics say the reality is very different, as one taxpayer-subsidized building is now offering rentals for up to $4,200 a month.

CBC

It’s no surprise that big #polluting companies are not happy about annual #CarbonTax increases. But it is #unfair that #BritishColumbians must pay the full carbon tax when the #OilAndGas industry, whose production is responsible for more than one-quarter of #BritishColumbia #CarbonEmissions, gets a carbon #TaxBreak.

The new system will also have a negative impact on B.C.’s carbon #TaxRevenues. In 2024-25, carbon tax revenues will be about $500 million lower than they would have been under the old system. This #RevenueLoss means fewer dollars to pay for #ClimateAction.

These changes point to a #BCgovernment that is far too cosy with the oil and gas #industry. And they make no sense given the urgency of acting on #ClimateChange. #Disasters in 2021 alone caused between $11 billion and $16 billion in damage to the #BCeconomy.

If B.C. really wants to be a #climate leader, the government must stop pandering to lobbying by the oil and gas industry that is causing climate change and act in the interests of all British Columbians

https://thetyee.ca/Opinion/2024/08/09/BC-Letting-Big-Industry-Evade-Carbon-Tax/

@thetyee

#BCNDP #Ecocide #BanCorporateLobbyists #BCpoli #ConflictOfPublicInterest #EcoJustice #environmental #BCNewDeathParty #BCNDPLegacyoOfDeath #CrimesAgainstHumanity #EcocidalManiacs #CapitalistCrimes #CorporateGreed #GreedKills #SuperSelloutBCNDP #SuperCorruptBC #PNW #PollutedPoliticians #EndCorporateWelfare #EbyTheEnabler #DavidEby #HorganizedCrimesContinue #JustStopOil #DivestFromFossilFuels

How BC Is Letting Big Industry Evade the Carbon Tax | The Tyee

Despite climate goals, the NDP continues to give tax breaks to the oil and gas sector.

The Tyee

@QasimRashid @Urban_Hermit The government needs to start billing companies for the amount of welfare their employees collect, plus a hefty administrative fee per person.

Enough of subsidizing their astronomical profits already.
#TaxBillionaires #EndCorporateWelfare

@shansterable

“Maybe, just maybe, if predatory corporate chain stores like Dollar Tree would pay their employees a living wage, they could generate profit the good old fashioned way, by selling retail goods to customers that need or want them and who are paid enough to afford them.”

#EndGreedflation #endcorporatewelfare
#greedflation

Oh, this ought to help the #homeless problem in the #UK...NOT!

#Welfare cuts worth billions planned by ministers

By Michael Buchanan and Judith Burns
BBC News
November 12, 2023

"Ministers have drawn up large benefit changes for people who are unable to work due to health conditions, the BBC has learned.

"The changes, affecting hundreds of thousands of people from 2025, would save £4bn from the welfare budget.

"The proposals would see many more people forced to find work despite suffering from a range of physical and mental health conditions."

https://www.bbc.com/news/uk-67385385

#EndCorporateWelfare #BasicIncomeForAll #HousingForAll #Disabled #Homelessness

Welfare cuts worth billions planned by ministers

The changes, affecting hundreds of thousands of people from 2025, would save £4bn in welfare payments.

BBC News

Billionaire fascist of the day is from Australia.

Property developer and CEO Tim Gurner: "We need to see unemployment rise. Unemployment has to jump 40, 50 percent in my view. We need to see pain in the economy. We need to remind people that they work for the employer, not the other way around."

#UnionsForAll
#unionsNow
#ReaganEraTaxRatesNow
#EndCorporateWelfare

https://au.finance.yahoo.com/news/billionaire-blasts-lazy-tradies-and-calls-for-275k-aussies-to-lose-jobs-061616789.html

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