The Greens have called on the Albanese Government to reaffirm their commitment to the global minimum tax agreement and use their position in the G20 to advocate for US companies to remain subject to the tax.
"Trump is trying to turn the US into a tax haven for his corporate mates, and we shouldn't dance to his tune," Greens Economic Justice spokesperson Senator Nick McKim said.
"Labor needs to hold the line. One in three big corporations already pays zero tax in Australia. That situation cannot be allowed to become even worse."
Last term, the Greens supported laws to implement part of the global minimum tax, aimed at stopping corporate giants from shifting profits offshore to dodge tax.
"American companies no longer being subject to global minimum tax laws could have serious budget consequences for Australia."
"Labor must use their position at the G20 to call out this move by the US and defend the principle that big corporations should pay tax where they make their profits."
"This is about fairness. It's about whether governments run the country, or billionaire CEOs and the political cronies they bankroll."
