MEDIA RELEASE: MALCOLM TURNBULL SAYS 100% MARGINAL TAX RATES FOR WOMEN ARE “FAIR” AND “EQUITABLE”

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THE HON TANYA PLIBERSEK MP
DEPUTY LEADER OF THE OPPOSITION
SHADOW MINISTER FOR EDUCATION
SHADOW MINISTER FOR WOMEN
MEMBER FOR SYDNEY

MALCOLM TURNBULL SAYS 100% MARGINAL TAX RATES FOR WOMEN ARE "FAIR" AND "EQUITABLE"

In Question Time today, Malcolm Turnbull said his policies, that force some women on to effective marginal tax rates of 100 per cent, are “fair” and “reasonable”.

Labor’s Shadow Minister for Families and Social Services, Jenny Macklin, asked:

The National Foundation for Australian Women has warned some women will be hit by an effective marginal tax rate of 100 per cent because of this government's tax increases, cuts to family payments and increases to university fees. Why is the Prime Minister shouting about millionaires paying a top marginal tax rate of 49.5 per cent but saying nothing about the women who will pay an effective marginal tax rate of 100 per cent?

Malcolm Turnbull responded by saying that his polices were “fair” and “equitable”, and that he was “getting the balance right”.

That just shows how out of touch Malcolm Turnbull is.

The Liberals promised to examine the tax and transfer system and its impact on women, with the view to helping boost workforce participation. 

Instead, Malcolm Turnbull is making things worse for women, with a Budget that delivers effective marginal tax rates of 100 per cent for some women. That is a huge disincentive for those women to increase their participation in the workforce. 

We see no action from the Liberals on their G20 commitment to boost women’s workforce participation.

In their 2017 Budget, the Liberals could find $65 billion to give big businesses a tax break, but they had little for the services that women rely on.

Since the Liberals came to power in 2013, Australia has slipped from 19th to 46th place in the Global Gender Gap ranking. 

Only Labor is committed to taking real action to achieve gender equality.  

Labor introduced Australia’s first Paid Parental Leave scheme, developed the first National Plan to Reduce Violence against Women and their Children, and invested $3 billion to increase wages in the female dominated social and community sector. 

Earlier this year, Labor launched a national conversation on gender equality: Setting the Agenda, to talk about what's next. 

To be part of the conversation, you can share your views at www.settingtheagenda.com.au or take part in the consultations that Labor’s Status of Women Committee will be running around the country throughout 2017. 

WEDNESDAY, 31 MAY 2017