CFMEU boss Zach Smith confirms union will call for super profits tax at Labor conference
The data, released by Oxford Economics Australia and commissioned by the Construction Forestry Maritime Mining and Energy Union, showed an investment above $500bn would be needed to close the gap by 2041
Construction union wants 40pc super profits tax to fund housing
The CFMEU is demanding a Greens-style super profits tax designed to raise more than $500 million within the next two decades to fund the construction of almost 1 million homes.
Tom Elliott clashes with union boss over proposed tax reform aimed at ‘solving’ housing crisis
Tom Elliott has questioned the practicality of a new tax proposal from the CFMEU that would fund the rapid construction of social and affordable housing.
Could a corporate ‘super profits tax’ solve Australia’s housing crisis?
One of Australia’s most powerful unions wants the government to impose a ‘super profits’ tax on big businesses to pay for social and affordable housing.
Australia needs super profits tax to fund social and affordable homes, construction union says
The report forecast an economy-wide super profits tax would raise an average $29bn a year, enough to build the estimated 750,000 shortfall in social and affordable housing stock by 2041.
Union wants super profits tax to pay for social housing
Mr Smith said more than 750,000 dwellings were desperately needed in Australia and it would cost more than $500 billion to close the gap, which would be comfortably covered by a super profits tax.
Push for super profits tax to fix housing shortfall
Research commissioned by the union showed the government’s proposed Housing Australia Future Fund would not meet the number of homes needed.
Corporate giants targeted in new plan to rake in billions worth of tax to boost housing stock
Australia’s national housing crisis could be fixed should Labor agree to adopt a wild new pitch to overhaul taxes.
More housing needed for women and children’s safety
Homelessness Australia CEO Kate Colvin says more housing is needed for women and children’s safety as the private rental market vacancy rates hit a record low.
Housing crisis driving surging demand for homelessness support
An increasing number of Australians are having to carry out a desperate act in order to have a safe place to live as housing costs surge.