Labor push to introduce 'Buffett rule' to stop the rich paying low rates of tax

By Heath Aston
Updated February 22 2017 - 2:13pm, first published 8:00am
Opposition Leader Bill Shorten is facing a push by the Labor Left to commit to a "Buffett rule". Photo: Alex Ellinghausen
Opposition Leader Bill Shorten is facing a push by the Labor Left to commit to a "Buffett rule". Photo: Alex Ellinghausen
The policy is being pushed to help counter the populist appeal of Pauline Hanson's One Nation. Photo: Alex Ellinghausen
The policy is being pushed to help counter the populist appeal of Pauline Hanson's One Nation. Photo: Alex Ellinghausen
Left powerbroker Anthony Albanese believes tax avoidance is an issue that will "mobilise voters". Photo: Alex Ellinghausen
Left powerbroker Anthony Albanese believes tax avoidance is an issue that will "mobilise voters". Photo: Alex Ellinghausen

The highest income earners in Australia would be forced to pay a mandated minimum rate of tax under a policy proposal being pushed inside the Labor Party to counter the populist appeal of One Nation and potentially add $2.5 billion a year to the budget bottom line.

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